Terreno Realty announces offering of 5M shares of common stock

Terreno Realty Corporation announced today that it has commenced an offering of 5M shares of its common stock. The company intends to use the net proceeds from the offering for future acquisitions, including the acquisition of a 121-acre project that is subject to a purchase and sale agreement and is entitled for 2.2M square feet of industrial distribution buildings in Miami’s Countyline Corporate Park and other properties that are currently subject to purchase and sale agreements, redevelopments and for other general corporate purposes. Goldman Sachs & Co. and KeyBanc Capital Markets are serving as underwriters for the offering.