{"id":47015,"date":"2020-08-27T14:19:00","date_gmt":"2020-08-27T21:19:00","guid":{"rendered":"http:\/\/www.kentreporter.com\/business\/terreno-realty-completes-redevelopment-of-kent-industrial-property\/"},"modified":"2020-08-27T14:24:48","modified_gmt":"2020-08-27T21:24:48","slug":"terreno-realty-completes-redevelopment-of-kent-industrial-property","status":"publish","type":"post","link":"https:\/\/www.kentreporter.com\/business\/terreno-realty-completes-redevelopment-of-kent-industrial-property\/","title":{"rendered":"Terreno Realty completes redevelopment of Kent industrial property"},"content":{"rendered":"<p>San Francisco-based <a href=\"https:\/\/terreno.com\/\" target=\"_blank\" title=\"link\" rel=\"noopener noreferrer\">Terreno Realty <\/a><a href=\"https:\/\/terreno.com\/\" target=\"_blank\" title=\"link\" rel=\"noopener noreferrer\">Corp.<\/a>, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced that it has completed the redevelopment of <a href=\"https:\/\/goo.gl\/maps\/cpQezaDGe7Hy3ouD8\" target=\"_blank\" title=\"map\" rel=\"noopener noreferrer\">its property at 8615 South 192nd <\/a><a href=\"https:\/\/goo.gl\/maps\/cpQezaDGe7Hy3ouD8\" target=\"_blank\" title=\"map\" rel=\"noopener noreferrer\">St.<\/a>, in Kent and leased 100% of the property. The location is just south of Malcom Drilling.<\/p>\n<p>The redeveloped property consists of a newly developed 220,000 square foot rear-load industrial distribution building on approximately 12.7 acres adjacent to State Route 167 (Valley Freeway) in the northern Kent Valley. The total cost of the redeveloped property is approximately $33.9 million, according to a Aug. 27 Terreno news release.<\/p>\n<p>Terreno has executed a lease for 100% of the property which commenced Aug. 25 and expires Nov. 30, 2027 with a provider of retail supply chain, warehousing and final-mile delivery. Terreno did not name the company.<\/p>\n<p>Terreno bought the industrial property in 2018 for $12.4 million. At the time, Terreno reported that the building would feature 47 dock-high and two grade-level loading positions, 36-foot clear height, and parking for 137 cars and 30 trailers.<\/p>\n<p>Terreno acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey\/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C. The company has bought about 10 industrial properties in Kent over the last nine years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>220,000-square-foot, rear-load industrial distribution building on 12 acres <\/p>\n","protected":false},"author":212,"featured_media":47016,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,9],"tags":[],"yst_prominent_words":[],"class_list":["post-47015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-home"],"_links":{"self":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/47015"}],"collection":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/users\/212"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/comments?post=47015"}],"version-history":[{"count":0,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/47015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media\/47016"}],"wp:attachment":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media?parent=47015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/categories?post=47015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/tags?post=47015"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/yst_prominent_words?post=47015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}