Terreno Realty buys Queens industrial property for $92 million

Reuters

02/19

<a href="https://laohu8.com/S/TRNO">Terreno Realty</a> buys Queens industrial property for $92 million

Terreno Realty Corporation acquired a 4-acre industrial property in College Point, Queens, New York for about $92 million. The site includes an 81,000-square-foot cross-dock distribution building with two floors of indoor parking; the company plans to complete interior buildout, including roughly 8,000 square feet of office space, by early 2027. Terreno expects total investment of $103.4 million and estimates a stabilized cap rate of 5.4%.

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: 20260215020265) on February 19, 2026, and is solely responsible for the information contained therein.

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