TERRENO ACQUIRES INDUSTRIAL BUILDING FROM HIGH STREET FOR $16.5 MILLION

TOTOWA, N.J. — Terreno Realty Corp. has acquired a 208,000-square-foot industrial building in Totowa from High Street Equity Advisors for $16.5 million. Located at 200 Maltese Drive, the property contains light manufacturing, warehouse and distribution, and office space. It is fully leased to Precision Custom Coatings, which uses the facility for its production and distribution operations as well as its headquarters. The Cushman & Wakefield team of Gary Gabriel, Paul Torosian, Andrew Merin and David Bernhaut arranged the deal.