Terreno Realty Corporation Announces Lease Renewal in Jamaica Queens, NY
Terreno Realty (NYSE:TRNO) has secured an early lease renewal for a 50,000-square-foot property in Jamaica Queens, New York. The tenant, a manufacturer of pre-cooked meals, has extended their lease from the original expiration date of September 2026 to September 2036. The company specializes in acquiring, owning, and operating industrial real estate across six major coastal U.S. markets, including Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
Terreno Realty (NYSE:TRNO) ha ottenuto un rinnovo anticipato di un contratto di affitto per una proprietà di 50.000 piedi quadrati a Jamaica Queens, New York. Il inquilino, un produttore di pasti precotti, ha prolungato il proprio contratto di affitto dalla data di scadenza originale di settembre 2026 a settembre 2036. L’azienda è specializzata nell'acquisizione, proprietà e gestione di immobili industriali in sei principali mercati costieri degli Stati Uniti, tra cui Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle e Washington, D.C.
Terreno Realty (NYSE:TRNO) ha asegurado una renovación anticipada de arrendamiento para una propiedad de 50,000 pies cuadrados en Jamaica Queens, Nueva York. El inquilino, un fabricante de comidas precocinadas, ha extendido su contrato de arrendamiento desde la fecha de vencimiento original de septiembre de 2026 hasta septiembre de 2036. La empresa se especializa en adquirir, poseer y operar bienes raíces industriales en seis importantes mercados costeros de EE.UU., incluyendo Northern New Jersey/New York City, Los Ángeles, Miami, el área de la Bahía de San Francisco, Seattle y Washington D.C.
Terreno Realty (NYSE:TRNO)는 뉴욕 제이미카 퀸즈에 있는 50,000제곱피트 규모의 부동산의 조기 임대 갱신을 확보했습니다. 세입자인 미리 조리된 식사 제조업체는 원래 만료일인 2026년 9월에서 2036년 9월로 임대 계약을 연장했습니다. 이 회사는 북부 뉴저지/뉴욕시, 로스앤젤레스, 마이애미, 샌프란시스코 베이 지역, 시애틀 및 워싱턴 D.C. 등 미국의 6대 해안 시장에서 산업용 부동산을 인수하고 소유 및 운영하는 데 전문화되어 있습니다.
Terreno Realty (NYSE:TRNO) a sécurisé un renouvellement anticipé de bail pour une propriété de 50 000 pieds carrés à Jamaica Queens, New York. Le locataire, un fabricant de repas précuits, a prolongé son bail de la date d'expiration initiale de septembre 2026 à septembre 2036. L'entreprise est spécialisée dans l'acquisition, la possession et l'exploitation de biens immobiliers industriels dans six grands marchés côtiers américains, notamment le Northern New Jersey/New York City, Los Angeles, Miami, la région de la Baie de San Francisco, Seattle et Washington, D.C.
Terreno Realty (NYSE:TRNO) hat eine vorzeitige Verlängerung eines Mietvertrags für eine 50.000 Quadratfuß große Immobilie in Jamaica Queens, New York, gesichert. Der Mieter, ein Hersteller von vorgekochten Mahlzeiten, hat seinen Mietvertrag von dem ursprünglichen Ablaufdatum im September 2026 auf September 2036 verlängert. Das Unternehmen ist darauf spezialisiert, Immobilien im industriellen Sektor in sechs großen Küstenmärkten der USA zu erwerben, zu besitzen und zu betreiben, darunter Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle und Washington, D.C.
- Secured early lease renewal extending commitment by 10 years (2026 to 2036)
- Maintains stable occupancy of 50,000 square feet property
- None.
Insights
The early lease renewal of 50,000 square feet for an additional 10 years in Jamaica Queens represents a strategic win for Terreno Realty. The extension from 2026 to 2036 provides enhanced cash flow visibility and reduces near-term leasing risk in a prime New York City industrial market. Food manufacturing tenants typically require significant infrastructure investment, making them relatively sticky and less likely to relocate, which adds stability to the property's income stream. The early renewal also suggests strong tenant satisfaction and likely reflects market-competitive terms, though specific rental rates weren't disclosed.
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal
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.
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Jaime Cannon
415-655-4580
Source: Terreno Realty Corporation
FAQ
What is the size of Terreno Realty's newly renewed lease in Jamaica Queens?
When will TRNO's renewed lease in Jamaica Queens expire?
What type of tenant renewed the lease with Terreno Realty in Jamaica Queens?
In which major coastal markets does TRNO operate?
