Terreno Realty Corp. acquires property in Los Angeles

Terreno Realty Corp., an industrial owner/operator, has acquired an industrial property located in Los Angeles for $18.1 million.

The property consists of five industrial buildings containing approximately 53,000 square feet on approximately 1.9 acres adjacent to the Downtown Los Angeles Arts District. The buildings include an 11 grade-level loading positions and parking for 83 cars. The property is 90 percent leased to seven tenants.

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