Terreno Realty Corporation (TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Redmond, Washington on April 9, 2025 for a purchase price of about $9.3 million.
The property consists of one industrial distribution building containing approximately 33,000 square feet on 1.5 acres. The property is 100% leased on a short-term basis.
After the existing tenant vacates, the property will be renovated to contain approximately 26,000 square feet. The estimated stabilized cap rate after renovation is 5.5%.
Terreno Realty acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.