Terreno Realty Sells Industrial Asset in Bellevue, Boosts Flexibility

Terreno Realty Corporation (TRNO) announced the disposition of an industrial property in Bellevue, WA. The sale was carried out for around $17.5 million. The moves highlight the REIT’s strategy of doing away with non-core assets, boosting flexibility and building a more robust portfolio, which will aid future growth.Terreno Realty purchased the property in November 2020 for $11.7 million. The investment yielded an unleveraged internal rate of return of 11.1% to the company. The property comprises a single i ...