SAN FRANCISCO--(BUSINESS WIRE)--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 two leases in two buildings totaling 107,060 square feet at its Central Pacific Business Park property in Union City, California with a leading provider of geostationary commercial satellites. The first lease of 51,580 square feet will commence March 31, 2016 and expire April 30, 2023. The second lease of 55,480 square feet is expected to commence May 1, 2016 and expire May 31, 2023.
This completes the leasing of four recently acquired rear-load industrial distribution buildings containing approximately 301,000 square feet on approximately 16.4 acres in the East Bay of San Francisco adjacent to Interstate 880 between California Highways 92 and 84. The property, which was placed under contract in December 2014, was purchased in December 2015. Terreno Realty Corporation previously announced that it executed three leases totaling 193,560 during construction of four buildings at the property.
Terreno Realty Corporation is an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C./Baltimore.
Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.
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