Terreno Realty Corporation has completed the acquisition of industrial properties in Kearny and Doral, Florida for $194.3 million, finalizing a multi-market purchase totaling $426.9 million.
The Bellevue, Washington-based company announced it acquired the properties in a statement .
The purchases include three industrial distribution buildings spanning approximately 509,000 square feet across 27.6 acres, with current occupancy at about 36% among five tenants.
This acquisition represents the final piece of a larger multi-market portfolio encompassing approximately 1.2 million square feet.
Terreno Realty Corporation focuses on acquiring, owning, and operating industrial real estate across six major coastal markets in the United States: New York City/Northern New Jersey, Los Angeles, M