MEDLEY, FL-Terreno Realty Corp. reports it haspurchased a 53,000-square-foot industrial building here for $6million.
The acquisition involves one multi-tenant industrial buildingand an adjacent improved lot totaling 2.28 acres. Terreno,headquartered in San Francisco, is an acquirer, owner and operatorof industrial real estate in Los Angeles, the Northern NewJersey/New York City market, the San Francisco Bay area, Seattle,Miami, and the Washington, D.C./Baltimore region.
The property at 11800 NW 101st Road adjacent to Miami DadeCounty's Flagler Station Business Park, was vacant when undercontract with Terreno, but has since been leased to a logisticscompany. The lease term with the unnamed logistics firm at therecently completed front load distribution building runs fromAugust 2013 to October 2018.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
