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Terreno Realty buys East Rutherford, NJ, industrial property

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Terreno Realty buys East Rutherford, NJ, industrial property

Terreno Realty Corp. paid about $12.0 million to acquire a roughly 50,000-square-foot industrial distribution building in East Rutherford, N.J.

The property, which sits on a 3.5-acre land parcel, is fully leased to one tenant on a short-term basis.