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Terreno Lands 94k Sq Ft Union City Lease, Boosting 2026-2033 Cash Flow

Jun 30, 2026, 9:18 AM EDT3 sourcesAI-analyzed

Why it may matterVerify against the original reporting

A new long-term (7+ year) lease with a sizable footprint and a near-term cash inflow from the termination payment reduces rollover risk and augments visibility of stabilized cash flow, positively framing the portfolio quality and valuation multiple.

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What happened, with direct paths to the underlying reporting

Terreno Realty announced a 94,000-square-foot Union City, CA lease with an IT infrastructure provider, commencing September 1, 2026 and running through October 2033. The company also terminated the prior lease on August 31, 2026, receiving approximately $2.0 million in an early termination payment. The deal extends Terreno’s stabilized cash flow across its six-coastal markets and may support stronger rent-coverage and cap-rate optics over the 7+ year horizon.

Terreno signs 94k sf Union City lease; starts 9/1/2026 through Oct 2033. Prev lease terminated 8/31/2026; ~$2.0m termination payment received.
Tenant is IT infrastructure, cloud and security solutions provider; name undisclosed.
Deal expands Terreno’s coastal-industrial footprint and enhances long-term cash-flow visibility.
Forward-looking statements accompany the release; standard risk disclosures apply.

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