Terreno Realty buys Kent industrial property for $12.4 million

12.7 acres along South 192nd Street

San Francisco-based Terreno Realty Corp., recently purchased an industrial property in Kent for $12.4 million.

The property consists of one 12.7-acre improved land parcel, according to a Oct. 25 Terreno news release. A new rear-load industrial distribution building is under development on the site and will contain approximately 220,000 square feet when completed prior to year end 2019.

The property is at 8615 S.192nd S., adjacent to State Route 167 in the northern Kent Valley and will provide 47 dock-high and two grade-level loading positions, 36-foot clear height, and parking for 137 cars and 30 trailers.

Terreno has purchased eight industrial properties in Kent over the last seven years.

Terreno acquires, owns and operates 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. The company focuses on the six markets because each has large and growing consumer populations as well as highly developed airport, seaport and highway infrastructure for rapid distribution of goods.

For more information, go to terreno.com.

More in Business

Café on Fourth serves up opportunity in downtown Kent

From Costco to coffee: Smith takes on the bean business

Memorial Day reminder for Waste Management customers

Waste Management customers in cities in King County will be serviced as… Continue reading

Jobs report: hiring continues strong in April

Washington’s economy gained 13,500 jobs in April and the state’s seasonally adjusted… Continue reading

New industrial facility coming to Kent Valley

Bridge Point Kent 100 to open in 2020

Muckleshoot Indian Tribe to develop luxury hotel at Auburn casino

Opening in 2021, dynamic resort experience to meet guest demand, the tribe says

Bartell’s collects more than 49,000 bears during annual donation drive

2019’s Teddy Bear Patrol drive was the best in 30-year partnership

Kent Downtown Partnership receives 2019 National Main Street accreditation

Kent Downtown Partnership has been designated as an accredited Main Street America… Continue reading

Kent-based OMAX announces two promotions within management team

For the Kent Reporter OMAX Corporation has announced two changes to its… Continue reading

New player pursues property on Auburn’s north end

Old Valley 6 Drive-In Theaters site attracts buyer with a development proposal – and a big ask of the city

Report: State adds more jobs in March; monthly unemployment rate up slightly to 4.6 percent

Washington’s economy gained 27,900 jobs in March and the state’s seasonally adjusted… Continue reading

Allstate agents giving away disaster preparedness kits to residents

Starting Monday, participating Allstate agents are giving away disaster preparedness kits to… Continue reading