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Terreno Realty buys Carlstadt, N.J., industrial property

Industrial real estate investment trust Terreno Realty Corp. paid about $4.0 million for an industrial property in Carlstadt, N.J.

The 2.0-acre improved land parcel at 51 Kero Rd. is fully leased to a single unnamed tenant. It sits adjacent to Terreno's properties at 50 and 100 Kero Rd.