Terreno Realty Buys Queens Industrial Property for $13.9 Million

By Public Technologies
  • Terreno Realty acquired an industrial property in Maspeth, Queens, New York, for approximately $13.9 million on October 20, 2026.
  • The approximately 29,000-square-foot distribution building occupies 1.4 acres and provides 24 grade-level loading positions.
  • The vacant property at 43-22 55th Avenue has an estimated stabilized cap rate of 6.3%.
  • The acquisition included early termination of the seller's 121,000-square-foot Tukwila, Washington, lease, effective October 2026 rather than February 2027.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Terreno Realty Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20261013280962) on October 21, 2026, and is solely responsible for the information contained therein.

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