Terreno Realty signs 81,000-sq-ft lease in Queens, NY with e-commerce tenant

Reuters2026/07/27 13:16

By:Reuters

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Terreno Realty executed a full-property lease for 81,000 square feet in College Point, Queens with a leading e-commerce firm.
Lease started July 24, 2026, runs to July 2029; tenant holds four renewal options, including an initial 10-year extension.
Tenant may terminate with six months notice in certain circumstances during the initial three-year term.
Total expected investment is USD 98.8 million; estimated stabilized cap rate is 6.4%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Terreno Realty Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202607270915BIZWIRE_USPR_____20260724_BW332766) on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Terreno Realty signs 81,000-sq-ft lease in Queens, NY with e-commerce tenant

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