Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in South Brunswick, New Jersey on October 6, 2025 for a sale price of approximately $144.2 million.

The property consists of a 603,000 square foot industrial distribution building on 35.5 acres which is 100% leased. The original property consisting of 413,000 square feet was purchased by Terreno Realty Corporation on September 29, 2010 for $22.5 million. In 2013 Terreno Realty Corporation acquired the adjacent land and expanded the building by 190,000 square feet for an additional investment of $13.6 million. The unleveraged internal rate of return generated by the investment was 13.4%.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle; and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.

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Terreno Realty Corporation

Jaime Cannon

415-655-4580

Terreno Realty Corporation Sells Property in South Brunswick, NJ for $144.2 Million