Terreno Realty Announces Redevelopment Property Lease in Queens
Key Takeaways TRNO announced a full-property lease of a redevelopment property at a ~5.7% stabilized cap rate.The 48,000 sq property includes dock-high and grade-level loading with a total investment of $35.8 million.TRNO fully leased the site to a contractor and rigging provider from December 2025 to August 2036.Terreno Realty Corporation (TRNO) announced a full-property lease for a redevelopment property in Long Island City, Queens, NY, at a stabilized cap rate of approximately 5.7%. The move highlights i ...