Terreno Realty Corporation Announces Leases in Gardena, CA

Key Terms

industrial real estate technical

Industrial real estate is property used for manufacturing, storage, distribution, and related industrial activities — think factories, warehouses, and logistics hubs. For investors it matters because these properties generate rental income, often on long leases, and their value rises or falls with trade, manufacturing activity and e-commerce demand; like owning a fleet of delivery trucks for the economy, location and access to transport routes drive returns and risk.

container drayage services technical

Container drayage services are the short-distance hauling of shipping containers between ports, rail terminals, warehouses and nearby distribution centers, like a local shuttle that moves goods from a major hub to the neighborhood stop. Investors watch drayage because it affects the speed and cost of getting imported or exported goods into the supply chain; bottlenecks, capacity shortages or higher fees can slow deliveries, inflate costs and squeeze company margins.

improved land technical

Improved land is a parcel that has had physical work done to make it usable or more valuable, such as grading, paving, utility hookups (water, sewer, electricity), drainage, or other site preparation. For investors it matters because these upgrades reduce the time and cost to develop or sell the property, raise its market value and tax assessment, and change ongoing maintenance and liability, much like turning a raw plot into a ready-to-use building lot.

BELLEVUE, Wash.--(BUSINESS WIRE)-- Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed an early lease renewal for a 2.8-acre improved land parcel in Gardena, California with a provider of container drayage services. The lease, which was to expire in May 2026, will now expire August 2029. In addition, the tenant has leased an immediately adjacent 2.3-acre improved land parcel which will commence April 1, 2026 upon termination of an existing tenant lease and will expire August 2029.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle; and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “result,” “should,” “will,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” “potential,” “enthusiastic,” “future” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

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Jaime Cannon

415-655-4580

Source: Terreno Realty Corporation