SAN FRANCISCO–(BUSINESS WIRE)–
Terreno Realty Corporation (TRNO), an acquirer, buyer and abettor of automated absolute acreage in six above littoral U.S. markets, appear today that it has accomplished a abounding architecture charter for 83,000 aboveboard anxiety in Woodside Queens, New York with a arch e-commerce firm. The charter commences December 1, 2018 and expires February 28, 2029. The acreage was acquired in March 2018 and is currently beneath redevelopment with an estimated counterbalanced cap amount of 6.3%.
Estimated counterbalanced cap ante are afflicted as annualized banknote base net operating assets counterbalanced to bazaar ascendancy (generally 95%) disconnected by absolute accretion cost. Absolute accretion amount includes the antecedent acquirement price, the furnishings of appearance afflicted debt to market, buyer’s due activity and closing costs, estimated near-term basic expenditures and leasing costs all-important to accomplish stabilization.
Terreno Realty Corporation acquires, owns and operates automated absolute acreage in six above littoral U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.
Additional advice about Terreno Realty Corporation is accessible on the company’s web armpit at www.terreno.com.
This columnist absolution contains advanced statements aural the acceptation of the federal balance laws. We attention investors that advanced statements are based on management’s behavior and on assumptions fabricated by, and advice currently accessible to, management. When used, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “result,” “should,” “will,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” and agnate expressions which do not chronicle alone to absolute affairs are advised to analyze advanced statements. These statements are accountable to risks, uncertainties, and assumptions and are not guarantees of approaching performance, which may be afflicted by accepted and alien risks, trends, uncertainties, and factors that are above our control, including risks accompanying to our adeptness to accommodated our estimated forecasts accompanying to counterbalanced cap ante and those accident factors independent in our Annual Report on Form 10-K for the year concluded December 31, 2017 and our added accessible filings. Should one or added of these risks or uncertainties materialize, or should basal assumptions prove incorrect, absolute after-effects may alter materially from those anticipated, estimated, or projected. We especially abandon any albatross to amend our advanced statements, whether as a aftereffect of new information, approaching events, or otherwise, except as appropriate by law. Accordingly, investors should use attention in relying on accomplished advanced statements, which are based on after-effects and trends at the time they are made, to ahead approaching after-effects or trends.
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