trending Market Intelligence /marketintelligence/en/news-insights/trending/1Lz7e8gYsOrJBQfrhG-d6w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Terreno Realty details Q4'19 property transactions

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


Terreno Realty details Q4'19 property transactions

Terreno Realty Corp. outlined its recent property transactions, including the acquisition of the roughly 50,000-square-foot 46 Whelan Road industrial property in East Rutherford, N.J., during the fourth quarter of 2019.

The industrial real estate investment trust said it paid about $12.0 million for the property, which sits on 3.5 acres and is 100% occupied by one tenant under a short-term lease.

The REIT also acquired the approximately 0.9-acre improved land parcel at 5200 E. Marginal Way South in Seattle for approximately $2.9 million during the quarter. It is under letter of intent to purchase a property comprising about 66,000 square feet for about $18.0 million.

During the period, Terreno raised gross proceeds of $13.7 million through the issuance of 241,875 common shares under its at-the-market equity offering program and closed a $100 million private placement of 3.14% senior unsecured notes with a 10-year term.

The REIT used proceeds from the private placement to repay a $50 million term loan due 2021 and a $32 million mortgage loan due 2020.