Terreno Realty Sells Industrial Property in East Hanover, New Jersey, for $32.7M

by Taylor Williams

EAST HANOVER, N.J. — San Francisco-based Terreno Realty Corp. (NYSE: TRNO) has sold an industrial property in East Hanover, located about 25 miles west of New York City, for $32.7 million. The property consists of three buildings totaling approximately 167,000 square feet that are situated on an 11.7-acre site. Terreno Realty purchased the property, which was 88 percent leased to 32 tenants at the time of sale, in September 2013. The buyer was not disclosed.

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