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<b xmlns="http://www.w3.org/1999/xhtml">Terreno Realty Corp...

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<b xmlns="http://www.w3.org/1999/xhtml">Terreno Realty Corporation</b> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TRNO">TRNO</a>), 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 August 19, 2026 for a purchase price of approximately $8.0 million.

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The property consists of one industrial distribution building containing approximately 21,000 square feet on 1.5 acres. The property is at 9680 153rd Avenue NE, immediately adjacent to Terreno Realty Corporation’s property at 9660 153rd Avenue NE on Seattle’s Eastside, provides five grade-level loading positions and parking for 56 cars. The property is vacant and the estimated stabilized cap rate is 5.9%.

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Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.

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Terreno Realty Corporation 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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Additional information about Terreno Realty Corporation is available on the company’s web site at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.terreno.com&amp;esheet=54587933&amp;newsitemid=20260811099233&amp;lan=en-US&amp;anchor=www.terreno.com&amp;index=1&amp;md5=c82ed94a5a12294d7cc6c2a11033c7d1" shape="rect">www.terreno.com</a>.

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Forward-Looking Statements

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This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "might," "plan," "project," "result," "should," "will," "seek," "target," "see," "likely," "position," "opportunity," "outlook," "potential," "enthusiastic," "future" and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260811099233r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260811099233/en/" rel="nofollow">https://www.businesswire.com/news/home/20260811099233/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Jaime Cannon
<br xmlns="http://www.w3.org/1999/xhtml"></br>415-655-4580

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TRNO

Terreno Realty Corporation Acquires Property in Redmond, WA for $8.0 Million

Terreno Expands Seattle Footprint with $8M Redmond Acquisition

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p xmlns=&quot;http://www.w3.org/1999/xhtml&quot;&gt;
&lt;b xmlns=&quot;http://www.w3.org/1999/xhtml&quot;&gt;Terreno Realty Corp...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Terreno Realty announced the acquisition of a 21,000-square-foot industrial property in Redmond, WA for about $8 million. The vacant asset, adjacent to Terreno&#039;s existing Seattle footprint, carries an estimated stabilized cap rate of 5.9%, implying roughly $470k in annual NOI once leased at market occupancy. The deal underscores Terreno&#039;s ongoing expansion across its six coastal markets and potential near-term leasing upside in the Seattle market.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Terreno buys Redmond property for $8.0M; 21,000 sq ft on 1.5 acres. Acquisition completed August 19, 2026.</li><li>Vacant at acquisition; stabilized cap rate 5.9%.</li><li>Adjacent to Terreno&#039;s Seattle asset, enabling potential leasing synergies.</li><li>Signals continued expansion in six coastal markets; stabilization may lift near-term cash-flow.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Terreno Realty Corporation (TRNO)</strong>: Acquires Redmond asset; expands Seattle Eastside exposure and overall industrial portfolio.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. This is a portfolio-expansion move by TRNO, signaling ongoing growth in key coastal markets and potential near-term leasing upside in Seattle.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Redmond acquisition expands TRNO&#039;s Seattle Eastside exposure.</li><li>Stabilized cap rate of 5.9% suggests solid yields for stabilized property.</li><li>Adjacent to existing TRNO property may shorten leasing cycles.</li><li>Acquisition size (~$8M) is modest relative to TRNO&#039;s portfolio.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Acquisition date: August 19, 2026; purchase price: approximately $8.0 million.</li><li>Property size: ~21,000 square feet on 1.5 acres.</li><li>Location: 9680 153rd Avenue NE, Redmond, WA; adjacent to 9660 153rd Avenue NE.</li><li>Building features: five grade-level loading positions; parking for 56 cars.</li><li>Stabilized cap rate: 5.9%; property was vacant at closing.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Incremental Seattle asset supports long-term NOI; expected price impact neutral over 1–3 quarters.</p>
  </section>
</section>


<article>
  <h2>Terreno Realty Corporation Acquires Redmond Industrial Property for $8.0 Million</h2>

  <section aria-labelledby="overview">
    <h3 id="overview">Overview of the Redmond Acquisition</h3>
    <p><strong>Terreno Realty Corporation</strong> (NYSE: <strong>TRNO</strong>), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in <strong>Redmond, Washington</strong> on <strong>August 19, 2026</strong> for a purchase price of approximately <strong>$8.0 million</strong>.</p>
  </section>

  <section aria-labelledby="property-details">
    <h3 id="property-details">Property Details</h3>
    <p>The property consists of one industrial distribution building containing approximately <strong>21,000 square feet</strong> on <strong>1.5 acres</strong>. The property is at <strong>9680 153rd Avenue NE</strong>, immediately adjacent to Terreno Realty Corporation’s property at <strong>9660 153rd Avenue NE</strong> on Seattle’s Eastside, provides <strong>five grade-level loading positions</strong> and <strong>parking for 56 cars</strong>. The property is vacant and the estimated stabilized cap rate is <strong>5.9%</strong>.</p>
  </section>

  <section aria-labelledby="valuation-cap">
    <h3 id="valuation-cap">Valuation and Stabilized Cap Rate</h3>
    <p><strong>Estimated stabilized cap rates</strong> are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.</p>
  </section>

  <section aria-labelledby="portfolio-footprint">
    <h3 id="portfolio-footprint">Terreno’s Industrial Portfolio Footprint</h3>
    <p><strong>Terreno Realty Corporation</strong> acquires, owns and operates industrial real estate in six major coastal U.S. markets: <strong>New York City/Northern New Jersey</strong>, <strong>Los Angeles</strong>, <strong>Miami</strong>, <strong>San Francisco Bay Area</strong>, <strong>Seattle</strong> and <strong>Washington, D.C.</strong></p>
  </section>

  <section aria-labelledby="about-terreno">
    <h3 id="about-terreno">About Terreno Realty Corporation</h3>
    <p>Additional information about Terreno Realty Corporation is available on the company’s web site at <a href="https://www.terreno.com" rel="nofollow">www.terreno.com</a>.</p>
  </section>

  <section aria-labelledby="forward-looking">
    <h3 id="forward-looking">Forward-Looking Statements</h3>
    <p>This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "might," "plan," "project," "result," "should," "will," "seek," "target," "see," "likely," "position," "opportunity," "outlook," "potential," "enthusiastic," "future" and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.</p>
  </section>

  <section aria-labelledby="contact">
    <h3 id="contact">Contact</h3>
    <p><strong>Jaime Cannon</strong><br>415-655-4580</p>
  </section>
</article>

Terreno Realty announced the acquisition of a 21,000-square-foot industrial property in Redmond, WA for about $8 million. The vacant asset, adjacent to Terreno's existing Seattle footprint, carries an estimated stabilized cap rate of 5.9%, implying roughly $470k in annual NOI once leased at market occupancy. The deal underscores Terreno's ongoing expansion across its six coastal markets and potential near-term leasing upside in the Seattle market.

News insight

Terreno Realty Corporation Acquires Property in Redmond, WA for $8.0 Million

AI summary

Sentiment rationale

Key facts

Corporate Developments