Industrial distribution property (86,000 SF) Sells for $25M in New York

SaleIndustrialNorthern & Central NJ

Reported Oct 15, 2026 · Source: citybiz

Source: citybizRead the full report at citybiz ↗

Deal details

Buyer
Not disclosed
Seller
Terreno Realty Corporation
Price
About $25M
Size
86,000 SF
Asset class
Industrial
Transaction
Sale
Sub-market
Northern & Central NJ
Metro
New York (incl. Long Island & NJ)
Reported date
Oct 15, 2026

Summary

Terreno Realty Corporation (NYSE: TRNO) has sold an 86,000-square-foot industrial distribution property in East Rutherford, New Jersey, for approximately $25 million, generating an unleveraged internal rate of return of 11% over its 11-year ownership period. Source: citybiz.

Summarized from the article; the quoted lines below are from the article itself.

Source: citybiz

Read the full report at citybiz. What the article says:

  • Deal / Size / Seller
    Terreno Realty Corporation (NYSE: TRNO) has sold an 86,000-square-foot industrial distribution property in East Rutherford, New Jersey, for approximately $25... Read More
  • Deal / Price
    Terreno Realty Corporation (NYSE: TRNO) has sold an 86,000-square-foot industrial distribution property in East Rutherford, New Jersey, for approximately $25 million, generating an unleveraged internal rate of return of 11% over its 11-year ownership period.

Article date: 2026-10-15T21:21:32+00:00

Frequently asked questions

How much did Industrial distribution property sell for?
The reported price is About $25M, per citybiz.
Who sold Industrial distribution property?
The seller was Terreno Realty Corporation, per citybiz.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.