Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Red Hook Brooklyn, New York on August 13, 2026 for a purchase price of approximately $26.3 million.

The property consists of one industrial distribution building containing approximately 28,000 square feet on 1.5 acres. The property is at 659 Court Street and provides two grade-level loading positions and parking for 70 cars. The property has riparian access, is 100% leased to a maritime goods and services provider and the estimated stabilized cap rate is 5.2%.

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