Terreno Realty Signs 94,000 Sq Ft Lease in California
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2026
0mins
Terreno Realty executed a lease for 94,000 square feet in Union City, California with a provider of IT infrastructure, cloud and security solutions. The lease will commence September 1, 2026 and will expire October 2033. To facilitate the new lease, Terreno Realty Corporation terminated effective August 31, 2026 the in-place lease that was to expire July 2031 and received a negotiated early termination payment from the prior tenant of approximately $2M.
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Analyst Views on TRNO
Wall Street analysts forecast TRNO stock price to rise
13 Analyst Rating
9 Buy
3 Hold
1 Sell
Moderate Buy
Current: 68.390
Low
56.00
Averages
69.62
High
80.00
Current: 68.390
Low
56.00
Averages
69.62
High
80.00
About TRNO
Terreno Realty Corporation acquires, owns and operates industrial real estate in six coastal United States markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle, and Washington, D.C. The Company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment, and improved land. It targets functional properties in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which it operates. Infill locations are geographic locations surrounded by high concentrations of already developed land and existing buildings. Its portfolio includes Terreno 3500 West MacArthur Boulevard, Terreno 11100 Hindry Avenue, Terreno 2411 Santa Fe Ave, Terreno 1720 E Garry Ave, Terreno 16009-16019 E Foothill, Terreno 16033-16037 E Foothill, Terreno 3528 Arden, Terreno 20269-20281 Mack, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Terreno Realty Corporation Signs New Lease in Doral, Florida
- New Lease Signed: Terreno Realty Corporation has executed a lease for 68,000 square feet in Doral, Florida, commencing on June 30, 2026, and expiring in July 2037, indicating the company's ongoing expansion in the industrial real estate market.
- Expansion Lease Secured: An additional lease with an adjacent tenant for 10,000 square feet brings the 194,000 square foot building acquired in September 2025 to 100% leased, further solidifying the company's market position.
- Market Coverage: Terreno Realty operates in six major coastal U.S. markets, including New York, Los Angeles, and Miami, showcasing its strong presence in key industrial real estate markets.
- Forward-Looking Statements: The company cautions that forward-looking statements are based on management's beliefs and assumptions, urging investors to be cautious as these may be influenced by various risks and uncertainties.
See More
Terreno Realty Executes New Leases Totaling 233,000 Square Feet
- New Lease Execution: Terreno Realty Corporation has signed new and renewal leases totaling 233,000 square feet at Countyline Corporate Park Phase III in Hialeah, Florida, indicating the company's active engagement and expansion intentions in the industrial real estate market.
- Lease Structure Adjustment: To accommodate the new leases, Terreno executed an early termination of a lease set to expire in 2027, involving 83,000 square feet, demonstrating the company's ability to adapt to changing market demands.
- Tenant Transition: A turbine engine disassembly, repair, and logistics provider will relocate from 106,000 square feet to 83,000 square feet, with the lease commencing August 1, 2026, and expiring March 2035, reflecting the company's attractiveness to quality tenants.
- Full Leasing Status: Following the commencement of the new leases, Buildings 26 and 28 at Countyline Corporate Park will be 100% leased, further solidifying Terreno's market position and revenue stability in key coastal markets.
See More
Terreno Realty Corporation Signs New Lease Agreement
- New Lease Agreement: Terreno Realty Corporation has signed a lease for 94,000 square feet in Union City, California, with an IT infrastructure, cloud, and security solutions provider, commencing on September 1, 2026, and expiring in October 2033, indicating the company's ongoing expansion in the industrial real estate market.
- Early Termination Compensation: To facilitate the new lease, Terreno Realty terminated an existing lease effective August 31, 2026, which was set to expire in July 2031, and received approximately $2 million in early termination compensation from the prior tenant, providing additional cash inflow for the company.
- Market Coverage: Terreno Realty operates in six major coastal U.S. markets, including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C., further solidifying its market position in the industrial real estate sector.
- Forward-Looking Statements: The press release includes forward-looking statements based on management's beliefs and assumptions, cautioning investors that actual results may vary due to various risks and uncertainties, emphasizing the need for careful consideration of these statements.
See More
Terreno Realty Executes Early Lease Renewal for 102,000 Square Feet
- Lease Renewal: Terreno Realty has executed an early lease renewal for 102,000 square feet in Hayward, California, with a moving and storage operator, commencing on December 1, 2026, and expiring in January 2032, thereby ensuring long-term revenue stability in the region.
- Market Coverage: The company operates in six major coastal U.S. markets, including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C., enhancing its competitive position and asset diversification.
- Strategic Implications: This early lease renewal not only solidifies Terreno's presence in the Hayward market but also lays the groundwork for future rent increases and asset appreciation, reflecting the company's confidence in the region's economic outlook.
- Forward-Looking Statements: The press release includes forward-looking statements based on management's beliefs and assumptions, cautioning investors to be aware that actual results may vary due to various risks and uncertainties.
See More
Terreno Realty Corporation Signs New Lease Agreement
- Lease Agreement: Terreno Realty Corporation has executed a lease for 92,000 square feet in Kearny, New Jersey, set to commence on June 30, 2026, and expire in December 2031, which will enhance its operational capacity in the industrial real estate market.
- Market Coverage: The company operates in six major coastal U.S. markets, including New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C., further solidifying its market position.
- Logistics Partnership: The lease with a third-party logistics provider indicates Terreno Realty's strategic positioning to meet the growing logistics demand, which is expected to drive future revenue growth.
- Forward-Looking Statements: The company cautions that all forward-looking statements are based on management's beliefs and assumptions, urging investors to exercise caution regarding these statements due to potential market risks and uncertainties.
See More
Terreno Realty Acquires Florida Industrial Property for $56.3M
- Acquisition Overview: Terreno Realty has acquired an industrial property in Hialeah Gardens, Florida, for approximately $56.3 million, which includes a 98,000-square-foot distribution building on 16.8 acres, fully leased to an e-commerce company, highlighting the firm's strategic investment in the rapidly growing e-commerce sector.
- Return Expectations: The acquisition has an estimated stabilized cap rate of 5%, indicating that the property is expected to provide stable cash flow for Terreno Realty in the future, enhancing the profitability of its portfolio and reflecting confidence in the industrial real estate market.
- Market Positioning: As a REIT focused on coastal industrial properties, this acquisition further solidifies Terreno Realty's market position in Florida, particularly against the backdrop of booming e-commerce, which is likely to attract more investor interest in its future growth potential.
- Industry Trend Impact: With the ongoing growth of e-commerce, this acquisition aligns with market trends and may drive similar investments in other regions, thereby enhancing overall asset value and competitive positioning in the market.
See More
Terreno Realty Corporation Signs New Lease in Doral, Florida
- New Lease Signed: Terreno Realty Corporation has executed a lease for 68,000 square feet in Doral, Florida, commencing on June 30, 2026, and expiring in July 2037, indicating the company's ongoing expansion in the industrial real estate market.
- Expansion Lease Secured: An additional lease with an adjacent tenant for 10,000 square feet brings the 194,000 square foot building acquired in September 2025 to 100% leased, further solidifying the company's market position.
- Market Coverage: Terreno Realty operates in six major coastal U.S. markets, including New York, Los Angeles, and Miami, showcasing its strong presence in key industrial real estate markets.
- Forward-Looking Statements: The company cautions that forward-looking statements are based on management's beliefs and assumptions, urging investors to be cautious as these may be influenced by various risks and uncertainties.
See More
Terreno Realty Executes New Leases Totaling 233,000 Square Feet
- New Lease Execution: Terreno Realty Corporation has signed new and renewal leases totaling 233,000 square feet at Countyline Corporate Park Phase III in Hialeah, Florida, indicating the company's active engagement and expansion intentions in the industrial real estate market.
- Lease Structure Adjustment: To accommodate the new leases, Terreno executed an early termination of a lease set to expire in 2027, involving 83,000 square feet, demonstrating the company's ability to adapt to changing market demands.
- Tenant Transition: A turbine engine disassembly, repair, and logistics provider will relocate from 106,000 square feet to 83,000 square feet, with the lease commencing August 1, 2026, and expiring March 2035, reflecting the company's attractiveness to quality tenants.
- Full Leasing Status: Following the commencement of the new leases, Buildings 26 and 28 at Countyline Corporate Park will be 100% leased, further solidifying Terreno's market position and revenue stability in key coastal markets.
See More
Terreno Realty Corporation Signs New Lease Agreement
- New Lease Agreement: Terreno Realty Corporation has signed a lease for 94,000 square feet in Union City, California, with an IT infrastructure, cloud, and security solutions provider, commencing on September 1, 2026, and expiring in October 2033, indicating the company's ongoing expansion in the industrial real estate market.
- Early Termination Compensation: To facilitate the new lease, Terreno Realty terminated an existing lease effective August 31, 2026, which was set to expire in July 2031, and received approximately $2 million in early termination compensation from the prior tenant, providing additional cash inflow for the company.
- Market Coverage: Terreno Realty operates in six major coastal U.S. markets, including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C., further solidifying its market position in the industrial real estate sector.
- Forward-Looking Statements: The press release includes forward-looking statements based on management's beliefs and assumptions, cautioning investors that actual results may vary due to various risks and uncertainties, emphasizing the need for careful consideration of these statements.
See More
Terreno Realty Executes Early Lease Renewal for 102,000 Square Feet
- Lease Renewal: Terreno Realty has executed an early lease renewal for 102,000 square feet in Hayward, California, with a moving and storage operator, commencing on December 1, 2026, and expiring in January 2032, thereby ensuring long-term revenue stability in the region.
- Market Coverage: The company operates in six major coastal U.S. markets, including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C., enhancing its competitive position and asset diversification.
- Strategic Implications: This early lease renewal not only solidifies Terreno's presence in the Hayward market but also lays the groundwork for future rent increases and asset appreciation, reflecting the company's confidence in the region's economic outlook.
- Forward-Looking Statements: The press release includes forward-looking statements based on management's beliefs and assumptions, cautioning investors to be aware that actual results may vary due to various risks and uncertainties.
See More
Terreno Realty Corporation Signs New Lease Agreement
- Lease Agreement: Terreno Realty Corporation has executed a lease for 92,000 square feet in Kearny, New Jersey, set to commence on June 30, 2026, and expire in December 2031, which will enhance its operational capacity in the industrial real estate market.
- Market Coverage: The company operates in six major coastal U.S. markets, including New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C., further solidifying its market position.
- Logistics Partnership: The lease with a third-party logistics provider indicates Terreno Realty's strategic positioning to meet the growing logistics demand, which is expected to drive future revenue growth.
- Forward-Looking Statements: The company cautions that all forward-looking statements are based on management's beliefs and assumptions, urging investors to exercise caution regarding these statements due to potential market risks and uncertainties.
See More
Terreno Realty Acquires Florida Industrial Property for $56.3M
- Acquisition Overview: Terreno Realty has acquired an industrial property in Hialeah Gardens, Florida, for approximately $56.3 million, which includes a 98,000-square-foot distribution building on 16.8 acres, fully leased to an e-commerce company, highlighting the firm's strategic investment in the rapidly growing e-commerce sector.
- Return Expectations: The acquisition has an estimated stabilized cap rate of 5%, indicating that the property is expected to provide stable cash flow for Terreno Realty in the future, enhancing the profitability of its portfolio and reflecting confidence in the industrial real estate market.
- Market Positioning: As a REIT focused on coastal industrial properties, this acquisition further solidifies Terreno Realty's market position in Florida, particularly against the backdrop of booming e-commerce, which is likely to attract more investor interest in its future growth potential.
- Industry Trend Impact: With the ongoing growth of e-commerce, this acquisition aligns with market trends and may drive similar investments in other regions, thereby enhancing overall asset value and competitive positioning in the market.
See More
