Terreno Realty (TRNO) announced it acquired a portfolio of industrial properties in Woodinville, Washington on August 12 for a purchase price of approximately $232.6M. The portfolio consists of nine industrial distribution buildings containing approximately 720K square feet and is approximately 91% leased to 26 tenants. The acquisition is part of a multi-market portfolio, with the remainder expected to be purchased in September for a total expected purchase price of $426.9M.
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