Terreno Realty Corp., a San Francisco-based acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced on Tuesday that it has executed a full building lease for 158,000 square feet in Kent with a leading e-commerce firm.
The lease commences on Friday, Sept. 30, and expires Jan. 31, 2024. Terreno didn’t name the e-commerce firm. E-commerce is the trading in products or services using computer networks, such as the internet.
Terreno bought the property in December for $14.9 million subject to a short-term lease and subsequently renovated the property, including an additional paved yard for loading and trailer storage and an update to the building facade and office.
The 8-acre site is at 20280 84th Ave. S. The property includes 22 dock-high loading positions and parking for 181 cars.
Terreno has bought seven industrial properties over the last five years in Kent.
The company’s markets include 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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