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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