Terreno Realty Leases Redeveloped Queens Industrial Property for $35.8 Million

Reuters2025-12-29

<a href="https://laohu8.com/S/TRNO">Terreno Realty</a> Leases Redeveloped Queens Industrial Property for $35.8 Million

Terreno Realty Corporation has announced a full-property lease of its redeveloped industrial distribution building in Long Island City, Queens, New York. The property, located at 49-10 27th Street near the Queens-Midtown Tunnel, comprises approximately 48,000 square feet on 2.2 acres and features ten dock-high and 14 grade-level loading positions. With a total investment of $35.8 million, the property is fully leased to a contractor and rigging provider from December 2025 through August 2036. The estimated stabilized cap rate for the project is 5.7%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Terreno Realty Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251223910642) on December 29, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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