Terreno Realty Corporation Acquires Industrial Portfolio In Four Major Markets For $364.5M

The industrial portfolio involved in the transaction spans 1,200,000 square feet across key markets in New York City, Northern New Jersey, San Francisco Bay Area, and Los Angeles. The sale price for this diverse set of industrial properties was $364,500,000, translating to approximately $304 per square foot. The address of the properties remains undisclosed, with Terreno Realty Corporation acquiring them from the seller.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $364,500,000
• Buyer: W. Blake Baird - Terreno Realty Corporation
• Lender: Goldman Sachs

W. Blake Baird, representing Terreno Realty Corporation, facilitated the acquisition of the industrial portfolio. The lender involved in the transaction was Goldman Sachs. The deal underscores Terreno Realty Corporation's strategic move to expand its industrial property holdings across prominent U.S. markets, with a focus on diversification and growth.