Terreno Realty Corporation Announces Lease Buyouts in Carlstadt, NJ and Hayward, CA

Core Insights - Terreno Realty Corporation has acquired two long-term leases in bankruptcy for $1.25 million, which will be terminated effective December 31, 2025 [1] - The properties involved are land parcels of 12.7 acres in Carlstadt, New Jersey, and 10.2 acres in Hayward, California, currently improved with transshipment facilities that will be available for release or redevelopment [1] Company Overview - Terreno Realty Corporation operates in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. [2]