US industrial real estate firm Terreno Realty has acquired a $156.3m (€149m) asset in Red Hook, Brooklyn, New York.
NYSE-listed Terreno said the purchase price of the 312,000sqft industrial distribution building includes the assumption of about $72.9m in debt which matures in March 2028.
The property, situated on a 16-acre land at 280 Richards Street, is leased to an e-commerce firm, Terreno said.
Terreno Realty Corporation specialises in acquiring, owning and operating industrial properties in six major coastal markets in the US, including New York City/Northern New Jersey, Los Angeles, Miami, the San Francisco Bay Area, Seattle and Washington, DC.
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