{"id":875189,"date":"2025-08-13T09:20:29","date_gmt":"2025-08-13T13:20:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-acquires-portfolio-in-woodinville-wa-for-232-6-million\/"},"modified":"2025-08-13T09:20:29","modified_gmt":"2025-08-13T13:20:29","slug":"terreno-realty-corporation-acquires-portfolio-in-woodinville-wa-for-232-6-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-acquires-portfolio-in-woodinville-wa-for-232-6-million\/","title":{"rendered":"Terreno Realty Corporation Acquires Portfolio in Woodinville, WA for $232.6 Million"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p>\nTerreno Realty Corporation Acquires Portfolio in Woodinville, WA for $232.6 Million<\/p>\n<p>BELLEVUE, Wash.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Terreno Realty Corporation<\/b> (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired a portfolio of industrial properties located in Woodinville, Washington on August 12, 2025 for a purchase price of approximately $232.6 million.<\/p>\n<p>\nThe portfolio consists of nine industrial distribution buildings containing approximately 720,000 square feet on 42.8 acres. The properties are on Woodinville-Redmond Road and are approximately 91% leased to 26 tenants.<\/p>\n<p>\nThe portfolio is part of a multi-market portfolio of approximately 1.2 million square feet that includes two buildings in Miami and one building in Northern New Jersey for a total expected purchase price of $426.9 million. The remainder of the multi-market portfolio is expected to be purchased by Terreno Realty Corporation in September 2025. The estimated stabilized cap rate of the multi-market portfolio is 5.0%.<\/p>\n<p>\nEstimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer\u2019s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.<\/p>\n<p>\nTerreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City\/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C.<\/p>\n<p>\nAdditional information about Terreno Realty Corporation is available on the company\u2019s web site at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.terreno.com&amp;esheet=54306820&amp;newsitemid=20250811645610&amp;lan=en-US&amp;anchor=www.terreno.com&amp;index=1&amp;md5=0ad5983d759b8f7aa52cdee8797b1e3e\">www.terreno.com<\/a>.<\/p>\n<p>\nForward-Looking Statements<\/p>\n<p>\nThis 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\u2019s beliefs and on assumptions made by, and information currently available to, management. When used, the words \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cresult,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cseek,\u201d \u201ctarget,\u201d \u201csee,\u201d \u201clikely,\u201d \u201cposition,\u201d \u201copportunity,\u201d \u201coutlook,\u201d \u201cpotential,\u201d \u201centhusiastic,\u201d \u201cfuture\u201d 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, 2024 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.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250811645610r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250811645610\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250811645610\/en\/<\/a><\/span><\/p>\n<p>\nJaime Cannon<br \/>\n<br \/>415-655-4580<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Washington<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property REIT<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250811645610\/en\/841388\/3\/Terreno_Logo_V_2C_PMS_F_whitefilled.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Terreno Realty Corporation Acquires Portfolio in Woodinville, WA for $232.6 Million BELLEVUE, Wash.&#8211;(BUSINESS WIRE)&#8211;Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired a portfolio of industrial properties located in Woodinville, Washington on August 12, 2025 for a purchase price of approximately $232.6 million. The portfolio consists of nine industrial distribution buildings containing approximately 720,000 square feet on 42.8 acres. The properties are on Woodinville-Redmond Road and are approximately 91% leased to 26 tenants. The portfolio is part of a multi-market portfolio of approximately 1.2 million square feet that includes two buildings in Miami and one building in Northern New Jersey for a total expected purchase price of $426.9 million. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-acquires-portfolio-in-woodinville-wa-for-232-6-million\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Terreno Realty Corporation Acquires Portfolio in Woodinville, WA for $232.6 Million&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-875189","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Terreno Realty Corporation Acquires Portfolio in Woodinville, WA for $232.6 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-acquires-portfolio-in-woodinville-wa-for-232-6-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terreno Realty Corporation Acquires Portfolio in Woodinville, WA for $232.6 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Terreno Realty Corporation Acquires Portfolio in Woodinville, WA for $232.6 Million BELLEVUE, Wash.&#8211;(BUSINESS WIRE)&#8211;Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired a portfolio of industrial properties located in Woodinville, Washington on August 12, 2025 for a purchase price of approximately $232.6 million. The portfolio consists of nine industrial distribution buildings containing approximately 720,000 square feet on 42.8 acres. The properties are on Woodinville-Redmond Road and are approximately 91% leased to 26 tenants. The portfolio is part of a multi-market portfolio of approximately 1.2 million square feet that includes two buildings in Miami and one building in Northern New Jersey for a total expected purchase price of $426.9 million. &hellip; Continue reading &quot;Terreno Realty Corporation Acquires Portfolio in Woodinville, WA for $232.6 Million&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-acquires-portfolio-in-woodinville-wa-for-232-6-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-13T13:20:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250811645610r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/terreno-realty-corporation-acquires-portfolio-in-woodinville-wa-for-232-6-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/terreno-realty-corporation-acquires-portfolio-in-woodinville-wa-for-232-6-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Terreno Realty Corporation Acquires Portfolio in Woodinville, WA for $232.6 Million\",\"datePublished\":\"2025-08-13T13:20:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/terreno-realty-corporation-acquires-portfolio-in-woodinville-wa-for-232-6-million\\\/\"},\"wordCount\":535,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/terreno-realty-corporation-acquires-portfolio-in-woodinville-wa-for-232-6-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250811645610r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/terreno-realty-corporation-acquires-portfolio-in-woodinville-wa-for-232-6-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/terreno-realty-corporation-acquires-portfolio-in-woodinville-wa-for-232-6-million\\\/\",\"name\":\"Terreno Realty Corporation Acquires Portfolio in Woodinville, WA for $232.6 Million - 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