{"id":985032,"date":"2026-07-27T09:18:09","date_gmt":"2026-07-27T13:18:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-announces-lease-in-queens-ny-3\/"},"modified":"2026-07-27T09:18:09","modified_gmt":"2026-07-27T13:18:09","slug":"terreno-realty-corporation-announces-lease-in-queens-ny-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-announces-lease-in-queens-ny-3\/","title":{"rendered":"Terreno Realty Corporation Announces Lease in Queens, NY"},"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 Announces Lease in Queens, NY<\/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, announced today that it has executed a full-property lease for 81,000 square feet with an additional two floors of indoor parking on 4.0 acres in College Point, Queens, New York with a leading e-commerce firm. The lease commenced July 24, 2026 and will expire July 2029. The tenant has four renewal options; the first for ten years and the three subsequent options for five years each. In certain circumstances the tenant may terminate the lease with six months notice during the initial three-year term. The total expected investment in the property is $98.8 million and the estimated stabilized cap rate is 6.4%.<\/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=54576452&amp;newsitemid=20260724332766&amp;lan=en-US&amp;anchor=www.terreno.com&amp;index=1&amp;md5=489d3e7ac08361d1512f92140c5d33f0\">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, 2025 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=20260724332766r1&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\/20260724332766\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260724332766\/en\/<\/a><\/span><\/p>\n<p>\nJaime Cannon<br \/>\n<br \/>415-655-4580<\/p>\n<p><b>KEYWORDS:<\/b> Washington New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Other Retail Technology Commercial Building &amp; Real Estate Construction &amp; Property Electronic Commerce 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\/20260724332766\/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 Announces Lease in Queens, NY 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, announced today that it has executed a full-property lease for 81,000 square feet with an additional two floors of indoor parking on 4.0 acres in College Point, Queens, New York with a leading e-commerce firm. The lease commenced July 24, 2026 and will expire July 2029. The tenant has four renewal options; the first for ten years and the three subsequent options for five years each. In certain circumstances the tenant may terminate the lease with six months notice during the initial three-year term. The total expected investment in the property &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-announces-lease-in-queens-ny-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Terreno Realty Corporation Announces Lease in Queens, NY&#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-985032","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Terreno Realty Corporation Announces Lease in Queens, NY - 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-announces-lease-in-queens-ny-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terreno Realty Corporation Announces Lease in Queens, NY - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Terreno Realty Corporation Announces Lease in Queens, NY 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, announced today that it has executed a full-property lease for 81,000 square feet with an additional two floors of indoor parking on 4.0 acres in College Point, Queens, New York with a leading e-commerce firm. The lease commenced July 24, 2026 and will expire July 2029. The tenant has four renewal options; the first for ten years and the three subsequent options for five years each. In certain circumstances the tenant may terminate the lease with six months notice during the initial three-year term. 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