Terreno Realty Secures $35.8M Full-Property Lease in Long Island City, NY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 29 2025
0mins
Source: Businesswire
- Successful Property Lease: Terreno Realty has completed a full-property lease in Long Island City, New York, involving an approximately 48,000 square foot industrial distribution building, with a lease term commencing in December 2025 and expiring in August 2036, ensuring a long-term stable cash flow.
- Significant Investment Scale: The total investment for the property is $35.8 million, with an estimated stabilized cap rate of 5.7%, which will further solidify Terreno Realty's market position in major coastal U.S. markets.
- Prime Location: The property is located at 49-10 27th Street in Queens, adjacent to the entrance of the Queens-Midtown Tunnel, providing ten dock-high and fourteen grade-level loading positions, greatly enhancing logistics efficiency to meet client demands.
- Market Expansion Strategy: Terreno Realty's acquisition and operation strategy across six major coastal markets demonstrates its ongoing commitment to the industrial real estate sector, with expectations to enhance its competitiveness in New York City and surrounding areas through such leases.
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Analyst Views on TRNO
Wall Street analysts forecast TRNO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRNO is 66.36 USD with a low forecast of 56.00 USD and a high forecast of 75.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
8 Buy
2 Hold
1 Sell
Moderate Buy
Current: 61.440
Low
56.00
Averages
66.36
High
75.00
Current: 61.440
Low
56.00
Averages
66.36
High
75.00
About TRNO
Terreno Realty Corporation acquires, owns and operates industrial real estate in six coastal United States markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle, and Washington, D.C. The Company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment, and improved land. It targets functional properties in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which it operates. Infill locations are geographic locations surrounded by high concentrations of already developed land and existing buildings. Its portfolio includes Terreno 3500 West MacArthur Boulevard, Terreno 11100 Hindry Avenue, Terreno 2411 Santa Fe Ave, Terreno 1720 E Garry Ave, Terreno 16009-16019 E Foothill, Terreno 16025-16037 E Foothill, Terreno 3528 Arden, Terreno 20269 - 20281 Mack, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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