Terreno Realty Corporation Acquires Property in Queens, NY for $13.9 Million
Business Wire•21/10/2026•09:15 ET
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Key Highlights
- ➤Terreno Realty acquired a Maspeth, Queens industrial property for approximately $13.9 million
- ➤29,000-square-foot distribution building sits on 1.4 acres with 24 loading positions
- ➤Vacant property carries an estimated stabilized cap rate of 6.3%
- ➤Terreno ended a 121,000-square-foot Tukwila lease effective October 2026
Terreno Realty Corporation Acquires Property in Queens, NY for $13.9 Million
Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Maspeth, Queens, New York on October 20, 2026 for a purchase price of approximately $13.9 million.
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