Terreno Realty Corporation asset in Queens, New York. (Photo: Google Maps)

Terreno Realty Corporation has acquired an industrial property in Long Island City, Queens, New York for approximately USD16 million, the REIT announced on 19 June 2025.

The transaction was completed on 18 June 2025.

The Bellevue, Washington-based REIT, which trades on the NYSE under the ticker TRNO, specialises in acquiring, owning and operating industrial real estate across six major coastal United States markets.

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By Rachel Young

Rachel Young is a staff writer for REITsWeek and is based in Singapore. She focuses on REITs listed in the North American and European markets but occasionally covers REITs in the Asia-Pacific region.