1. TRNO sold an industrial property for $144.2 million. 2. The property was 100% leased, covering 603,000 square feet. 3. TRNO's IRR from this investment was impressive at 13.4%. 4. Strategically located in critical coastal U.S. markets. 5. The transaction demonstrates TRNO's effective asset management.
The sale represents strong financial performance, enhancing TRNO's asset value. Historical trend shows similar transactions positively impacting stock prices.
This sale significantly impacts TRNO’s financial health and market perception.
Immediate positive sentiment may drive stock prices following this announcement. Past property sales have influenced short-term investor behavior.
Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in South Brunswick, New Jersey on October 6, 2025 for a sale price of approximately $144.2 million.
The property consists of a 603,000 square foot industrial distribution building on 35.5 acres which is 100% leased. The original property consisting of 413,000 square feet was purchased by Terreno Realty Corporation on September 29, 2010 for $22.5 million. In 2013 Terreno Realty Corporation acquired the adjacent land and expanded the building by 190,000 square feet for an additional investment of $13.6 million. The unleveraged internal rate of return generated by the investment was 13.4%.
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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Terreno Realty Corporation
Jaime Cannon
415-655-4580