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.