SAN FRANCISCO, Dec 07, 2011 (BUSINESS WIRE) –
Terreno Realty Corporation
/quotes/zigman/580648/quotes/nls/trno TRNO
-2.16%
announced today a lease
renewal of approximately 138,000 square feet at its industrial building
in Kent, Washington. The existing tenant, the country’s leading paper
distributor, will continue to occupy the entire facility. The renewal
accounts for approximately 66% of the leased square footage anticipated
to expire in 2012 in Terreno Realty Corporation’s portfolio as of
September 30, 2011.
Terreno Realty Corporation is an acquirer, owner and operator of
industrial real estate located 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 .
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws. We caution investors that
forward-looking statements are based on management’s beliefs and on
assumptions made by, and information currently available to, management.
When used, the words “anticipate”, “believe”, “estimate”, “expect”,
“intend”, “may”, “might”, “plan”, “project”, “result”, “should”, “will”,
and similar expressions which do not relate solely to historical matters
are intended to identify forward-looking statements. These statements
are subject to risks, uncertainties, and assumptions and are not
guarantees of future performance, which may be affected by known and
unknown risks, trends, uncertainties, and factors that are beyond our
control, including risks related to our ability to meet our estimated
forecasts related to stabilized cap rates and those risk factors
contained in our Annual Report on Form 10-K for the year ended December
31, 2010 and our other public filings. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those anticipated,
estimated, or projected. We expressly disclaim any responsibility to
update our forward-looking statements, whether as a result of new
information, future events, or otherwise.
SOURCE: Terreno Realty Corporation
Terreno Realty Corporation
W. Blake Baird, 415-655-4580
Michael A. Coke, 415-655-4580
Copyright Business Wire 2011
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Article source: http://www.marketwatch.com/story/terreno-realty-corporation-announces-lease-renewal-in-seattle-2011-12-07