Terreno Realty Signs 226,000-Square-Foot Lease in Newark, California
Terreno Realty Corporation has executed a new lease for 226,000 square feet of industrial space in Newark, California with an Original Design Manufacturer of cloud computing hardware. The lease will begin on November 1, 2025, and run through May 2036. To facilitate this agreement, Terreno Realty terminated the existing lease-originally set to expire in June 2030-effective October 31, 2025, and received an early termination payment of approximately $13.5 million from the prior tenant. The company will also record a net revenue increase of about $4.4 million for the quarter ending December 31, 2025, due to the write-off of the below-market lease and related adjustments.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Terreno Realty Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251016161877) on November 03, 2025, and is solely responsible for the information contained therein.
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