1. TRNO leased 117,000 sq ft in Doral, Florida. 2. Lease begins December 31, 2025, lasting until December 2036. 3. Tenant specializes in freight forwarding and customs brokerage.
FAQ
Why Bullish?
The lease indicates growing demand for industrial real estate, suggesting positive cash flow. Historical trends show leases like these generally boost property values and investor confidence.
How important is it?
Significant lease indicates operational growth and can enhance TRNO's market position.
Why Long Term?
The long-term nature of this lease (11 years) provides stability and impacts future revenue forecasts, similar to prior long-term tenant acquisitions enhancing TRNO's portfolio.
Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a lease for 117,000 square feet in Doral, Florida with an international freight forwarder and provider of customs brokerage, warehousing and inland transportation. The lease will commence December 31, 2025 and expire December 2036.
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.
Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.
Forward-Looking Statements
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Jaime Cannon
415-655-4580