Terreno Realty Expands D.C. Footprint with $77M Industrial Property Acquisition

Event summary

  • Terreno Realty acquired a 305,000 sq. ft. industrial property in Landover, MD for $77.1M on June 16, 2026.
  • The property consists of three distribution buildings on 24 acres, 92% leased to nine tenants.
  • Estimated stabilized cap rate is 5.5%, including acquisition and leasing costs.
  • Property is adjacent to U.S. Route 50, three miles outside Washington, D.C.

The big picture

This acquisition reinforces Terreno's focus on strategic coastal markets, particularly in the Washington, D.C. metro area. The deal aligns with the company's strategy of acquiring industrial properties with strong logistics advantages. At $77.1M, it represents a significant investment in a market with high demand for industrial space driven by e-commerce and last-mile delivery needs.

What we're watching

Portfolio Optimization
How this acquisition will impact Terreno's overall portfolio composition in the Washington, D.C. market.
Cap Rate Stability
Whether the 5.5% stabilized cap rate can be maintained given current market conditions.
Leasing Momentum
The pace at which Terreno can achieve full occupancy (95%) at this property.

Related topics

Acquisition