Business

Terreno Realty buys Kent industrial property for $2.8 million

San Francisco-based Terreno Realty Corp., has bought an industrial property in south Kent for about $2.8 million.

The property consists of one industrial distribution building containing approximately 32,000 square feet on 3.8 acres adjacent to Highway 167, according to a company media release on Monday. The property is at 26601 to 26609 79th Ave. S., provides 10 dock-high and two grade-level loading positions and is 52 percent leased to one tenant.

Terreno purchased 169,000 square feet of Kent industrial property in 2012 for approximately $15 million and in 2010 bought 138,000 square feet of industrial property for about $8.3 million.

The company is an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C./Baltimore.

For more information, go to terreno.com.


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