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Terreno Realty Corporation Announces Lease in San Leandro, CA

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Terreno Realty (NYSE:TRNO), a major player in coastal U.S. industrial real estate, has secured a significant lease agreement in San Leandro, California. The deal involves 69,000 square feet of space leased to an ocean freight provider. This long-term lease is set to begin on September 30, 2024, and run until January 2030, spanning over five years.

Terreno specializes in acquiring, owning, and operating industrial properties across six key coastal markets in the United States, including Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. This latest lease agreement reinforces Terreno's strong position in the competitive industrial real estate sector.

Terreno Realty (NYSE:TRNO), un attore principale nel settore immobiliare industriale costiero negli Stati Uniti, ha ottenuto un importante contratto di locazione a San Leandro, California. L'accordo coinvolge 69.000 piedi quadrati di spazio affittato a un fornitore di trasporto marittimo. Questo contratto a lungo termine inizierà il 30 settembre 2024 e si estenderà fino a gennaio 2030, per un periodo di oltre cinque anni.

Terreno è specializzata nell'acquisizione, possesso e gestione di proprietà industriali in sei mercati costieri chiave negli Stati Uniti, tra cui il New Jersey settentrionale/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle e Washington, D.C. Questo ultimo contratto di locazione rafforza la posizione di forza di Terreno nel competitivo settore dell'immobiliare industriale.

Terreno Realty (NYSE:TRNO), un actor principal en el sector de bienes raíces industriales costeros en Estados Unidos, ha asegurado un importante acuerdo de arrendamiento en San Leandro, California. El acuerdo involucra 69,000 pies cuadrados de espacio arrendado a un proveedor de transporte marítimo. Este contrato a largo plazo comenzará el 30 de septiembre de 2024 y se extenderá hasta enero de 2030, abarcando más de cinco años.

Terreno se especializa en la adquisición, propiedad y operación de propiedades industriales en seis mercados costeros clave en Estados Unidos, incluyendo el norte de Nueva Jersey/Nueva York, Los Ángeles, Miami, el área de la bahía de San Francisco, Seattle y Washington, D.C. Este último acuerdo de arrendamiento refuerza la sólida posición de Terreno en el competitivo sector de bienes raíces industriales.

테레노 리얼티(NYSE:TRNO)는 미국 해안 산업 부동산의 주요 업체로, 캘리포니아 주 샌 리안드로에 중요한 임대 계약을 체결했습니다. 이 거래는 69,000 평방 피트의 공간이 해양 화물 운송업체에 임대되는 것입니다. 이 장기 임대 계약은 2024년 9월 30일에 시작되어 2030년 1월까지 지속될 예정이며, 5년 이상 걸쳐 있습니다.

테레노는 미국의 여섯 주요 해안 시장에서 산업 부동산을 인수, 소유 및 운영하는 데 전문화되어 있으며, 여기에는 북부 뉴저지/뉴욕시, 로스앤젤레스, 마이애미, 샌프란시스코 베이 지역, 시애틀 및 워싱턴 D.C.가 포함됩니다. 이번 임대 계약은 경쟁이 치열한 산업 부동산 부문에서 테레노의 강력한 입지를 강화합니다.

Terreno Realty (NYSE:TRNO), un acteur majeur dans le secteur des biens immobiliers industriels côtiers aux États-Unis, a obtenu un contrat de location significatif à San Leandro, en Californie. Cet accord concerne 69 000 pieds carrés d'espace loué à un fournisseur de fret maritime. Ce bail à long terme doit commencer le 30 septembre 2024 et se poursuivre jusqu'en janvier 2030, couvrant plus de cinq ans.

Terreno se spécialise dans l'acquisition, la possession et l'exploitation de biens immobiliers industriels dans six marchés côtiers clés aux États-Unis, notamment le nord du New Jersey/Nouvelle-York, Los Angeles, Miami, la région de la baie de San Francisco, Seattle et Washington, D.C. Ce dernier contrat de location renforce la position solide de Terreno dans le secteur concurrentiel de l'immobilier industriel.

Terreno Realty (NYSE:TRNO), ein wichtiger Akteur im Bereich der US-amerikanischen Küstenindustrie-Immobilien, hat einen bedeutenden Mietvertrag gesichert in San Leandro, Kalifornien. Der Deal umfasst 69.000 Quadratfuß Fläche, die an einen Seefrachtanbieter vermietet wird. Dieser langfristige Mietvertrag soll am 30. September 2024 beginnen und bis Januar 2030 laufen, was sich über mehr als fünf Jahre erstreckt.

Terreno spezialisiert sich auf den Erwerb, das Eigentum und den Betrieb von Industrieimmobilien in sechs wichtigen Küstenmärkten der Vereinigten Staaten, einschließlich Nord-New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle und Washington, D.C. Dieser letzte Mietvertrag festigt Terrenos starke Position im wettbewerbsintensiven Sektor der Industrieimmobilien.

Positive
  • Secured a long-term lease for 69,000 square feet in San Leandro, CA
  • Lease duration of over 5 years, from September 2024 to January 2030
  • Demonstrates ability to attract tenants in key coastal markets
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 69,000 square feet in San Leandro, California with an ocean freight provider. The lease will commence on September 30, 2024 and will expire January 2030.

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 San Leandro, CA?

Terreno Realty (TRNO) signed a lease for 69,000 square feet in San Leandro, California.

When does the new lease for Terreno Realty (TRNO) in San Leandro, CA start and end?

The lease will commence on September 30, 2024, and expire in January 2030.

What type of tenant has Terreno Realty (TRNO) secured for its San Leandro, CA property?

Terreno Realty (TRNO) has leased the space to an ocean freight provider.

In which major coastal U.S. markets does Terreno Realty (TRNO) operate?

Terreno Realty (TRNO) operates 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.

Terreno Realty Corporation

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