Terreno Realty Corp. (TRNO) on Friday acquired an industrial property in Hyattsville, Maryland, for about $50 million.
This site features a 180,000-square-foot distribution building that loads from the rear, sitting on 14.1 acres conveniently close to major highways just outside of Washington, D.C.
The company is looking at a total investment of around $57.6 million, with a projected stabilized cap rate of 5.2 percent. Terreno Realty operates industrial real estate in six key coastal markets across the U.S.
TRNO is currently trading at $62.33, down $0.09 or 0.14 percent on the New York Stock Exchange.
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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.