Terreno Realty Corporation Announces Lease in Inglewood, CA
Terreno Realty Corporation (NYSE:TRNO) has leased a 1.9-acre improved land parcel in Inglewood, California, to a commercial electric vehicle service provider. The lease, set to start after site improvements in Q3 2021, will last for 12 years. Terreno Realty focuses on acquiring, owning, and operating industrial real estate across six key coastal U.S. markets, including Los Angeles and Miami.
- Lease of 1.9-acre land in Inglewood enhances portfolio.
- 12-year lease term offers long-term revenue stability.
- Partnership with electric vehicle service provider aligns with market trends.
- None.
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 a 1.9-acre improved land parcel in Inglewood, California, with a commercial electric vehicle service provider for fleet operators. The lease will commence upon completion of site improvements expected to be in the third quarter of 2021 and will expire 12 years after commencement.
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; 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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