Terreno Realty Announces Lease Renewal, Sees Decent Demand

Last Monday,Terreno Realty Corporation (TRNO) announced the execution of an early lease renewal in Sunnyvale, CA, with a leading provider of molecular diagnostic testing. This reflects the healthy demand for its properties from existing tenants. The 172,000-square-foot lease of three buildings, originally set to expire in March 2025, has been extended until March 2030. The demand for industrial real estate space has been high amid an e-commerce boom, growth in industries and companies making efforts to impr ...