Terreno Realty signs leases in New Jersey and California, experiencing strong demand

From Nasdaq: 2025-06-30 11:50:00

Terreno Realty (TRNO) recently signed an 81,000 square foot lease in Avenel, NJ with a logistics provider. The lease runs from June 30, 2025, to November 2030. TRNO, a real estate investment trust, is experiencing strong demand for its properties in major U.S. markets. Additionally, they signed a 103,000 square foot lease in Redondo Beach, CA last week.

In Q1 2025, TRNO’s operating portfolio was 96.6% leased to 663 tenants, with a same-store portfolio of 15.6 million square feet 97.4% leased. Cash rents on new and renewed leases increased by 34.2%, and the tenant retention ratio was 71.7%. TRNO’s strategic expansion positions it for long-term growth, but macroeconomic uncertainty poses challenges.

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Read more at Nasdaq: Terreno Realty Executes Lease in New Jersey, Sees Healthy Demand