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Terreno Realty Corporation Announces Lease in Elizabeth, NJ

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Terreno Realty (NYSE:TRNO), a company specializing in industrial real estate across six major coastal U.S. markets, has announced a significant lease agreement in Elizabeth, New Jersey. The lease, covering 75,000 square feet of space, has been signed with a third-party logistics provider. This new lease commenced on September 30, 2024 and is set to expire in January 2028.

Terreno Realty 's portfolio spans key markets including Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. The company focuses on acquiring, owning, and operating industrial properties in these strategic locations.

Terreno Realty (NYSE:TRNO), un'azienda specializzata in immobili industriali in sei importanti mercati costieri degli Stati Uniti, ha annunciato un significativo contratto di affitto a Elizabeth, New Jersey. Il contratto, che copre 75.000 piedi quadrati di spazio, è stato firmato con un fornitore di logistica terzo. Questo nuovo contratto è iniziato il 30 settembre 2024 ed è previsto che scada nel gennaio 2028.

Il portafoglio di Terreno Realty si estende su mercati chiave tra cui il New Jersey settentrionale/New York City, Los Angeles, Miami, area della baia di San Francisco, Seattle e Washington, D.C. L'azienda si concentra sull'acquisizione, possesso e gestione di proprietà industriali in queste località strategiche.

Terreno Realty (NYSE:TRNO), una empresa especializada en bienes raíces industriales en seis importantes mercados costeros de EE. UU., ha anunciado un acuerdo de arrendamiento significativo en Elizabeth, Nueva Jersey. El arrendamiento, que abarca 75,000 pies cuadrados de espacio, ha sido firmado con un proveedor logístico externo. Este nuevo arrendamiento comenzó el 30 de septiembre de 2024 y se espera que expire en enero de 2028.

El portafolio de Terreno Realty abarca mercados clave como el norte de Nueva Jersey/Nueva York, Los Ángeles, Miami, área de la bahía de San Francisco, Seattle y Washington D.C. La empresa se centra en adquirir, poseer y operar propiedades industriales en estas ubicaciones estratégicas.

테레노 리얼티 (NYSE:TRNO)는 미국 주요 해안 시장 6곳의 산업 부동산을 전문으로 하는 회사로, 뉴저지주 엘리자베스에서 중요한 임대 계약을 발표했습니다. 이 임대 계약은 75,000 제곱피트의 공간을 포함하며, 제3자 물류 제공업체와 체결되었습니다. 이 새로운 임대 계약은 2024년 9월 30일에 시작되며, 2028년 1월에 만료될 예정입니다.

테레노 리얼티의 포트폴리오는 북부 뉴저지/뉴욕시, 로스앤젤레스, 마이애미, 샌프란시스코 베이 지역, 시애틀, 워싱턴 D.C. 등 주요 시장을 아우릅니다. 이 회사는 이러한 전략적 위치에서 산업 부동산의 인수, 소유 및 운영에 집중하고 있습니다.

Terreno Realty (NYSE:TRNO), une entreprise spécialisée dans l'immobilier industriel sur six marchés côtiers majeurs aux États-Unis, a annoncé un contrat de location important à Elizabeth, New Jersey. Le bail, couvrant 75 000 pieds carrés d'espace, a été signé avec un fournisseur de logistique tiers. Ce nouveau bail a commencé le 30 septembre 2024 et devrait expirer en janvier 2028.

Le portefeuille de Terreno Realty s'étend sur des marchés clés tels que le nord du New Jersey/New York City, Los Angeles, Miami, la région de la baie de San Francisco, Seattle et Washington D.C. L'entreprise se concentre sur l'acquisition, la possession et l'exploitation de propriétés industrielles dans ces lieux stratégiques.

Terreno Realty (NYSE:TRNO), ein Unternehmen, das sich auf Industrieel Immobilien in sechs wichtigen US-Küstenmärkten spezialisiert hat, hat einen bedeutenden Mietvertrag in Elizabeth, New Jersey angekündigt. Der Mietvertrag, der 75.000 Quadratfuß Fläche umfasst, wurde mit einem drittanbieter Logistikdienstleister unterzeichnet. Dieser neue Mietvertrag begann am 30. September 2024 und läuft voraussichtlich im Januar 2028 aus.

Das Portfolio von Terreno Realty erstreckt sich über wichtige Märkte wie Nord-New Jersey/New York City, Los Angeles, Miami, das San Francisco Bay Area, Seattle und Washington, D.C. Das Unternehmen konzentriert sich auf den Erwerb, Besitz und Betrieb von Industriebrachen in diesen strategischen Standorten.

Positive
  • Secured a lease for 75,000 square feet in Elizabeth, NJ
  • Lease term extends from September 2024 to January 2028, providing steady income
  • Expanded presence in the Northern New Jersey/New York City market
Negative
  • None.

BELLEVUE, Wash.--(BUSINESS WIRE)-- 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 75,000 square feet in Elizabeth, New Jersey with a third-party logistics provider. The lease commenced on September 30, 2024 and will expire January 2028.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Northern New Jersey/New York City; 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

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “result,” “should,” “will,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” “potential,” “enthusiastic,” “future” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors, that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2023 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

Jaime Cannon

415-655-4580

Source: Terreno Realty Corporation

FAQ

What is the size of the new lease Terreno Realty (TRNO) signed in Elizabeth, NJ?

Terreno Realty (TRNO) signed a lease for 75,000 square feet in Elizabeth, New Jersey.

When does the new lease for Terreno Realty (TRNO) in Elizabeth, NJ commence and expire?

The lease commenced on September 30, 2024, and will expire in January 2028.

Who is the tenant for Terreno Realty 's (TRNO) new lease in Elizabeth, NJ?

The tenant is a third-party logistics provider, though the specific company name was not disclosed in the announcement.

What are the six major coastal U.S. markets where Terreno Realty (TRNO) operates?

Terreno Realty (TRNO) operates in Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.

Terreno Realty Corporation

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