SAN FRANCISCO—Terreno Realty Corporation, a buyer, owner and operator of industrial real estate in major US markets, has closed on a new $100 million five-year unsecured term loan.
The new five-year term loan will mature on March 1, 2020, and the interest rate generally will be LIBOR plus 1.50% to 2.05% depending on leverage.
The arrangement of the loan was led by KeyBank National Association, as Administrative Agent and as a lender, and PNC Bank National Association, MUFG Union Bank, N.A., Regions Bank and Goldman Sachs Bank USA, as lenders.
Terreno Realty Corporation operates 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.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
