Terreno Realty Acquires Distribution Building In Medley

12950 NW South River Drive medleyTerreno Realty Corp. (TRNO) recently announced the acquisition of an industrial property in Medley.
Valued at around $6 million, this buyout is consistent with this industrial real estate investment trust’s (“REIT”) strategy of enhancing its industrial property portfolio in major U.S. markets.
The acquired property comprises of one industrial distribution building, of about 60,000 square feet, spread over an area of around 2.7 acres. This industrial property is located at 12950 NW South River Drive and is close to North Okeechobee Road and the Florida Turnpike.
The property is fully leased to one tenant and offers 10 dock-high and 1 grade-level loading positions, and parking facility for 55 cars.
 
Source: Nasdaq
 

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