Terreno South Brunswick Sale Nets $144.2M

BELLEVUE, Wash. — Terreno Realty Corporation, a company that buys, owns, and runs industrial properties in six major U.S. coastal markets, sold an industrial property in South Brunswick, New Jersey on October 6, 2025. The sale price? About $144.2 million.

Terreno Realty South Brunswick Property Sale

The property is big. Really big. A 603,000-square-foot industrial distribution building sitting on 35.5 acres. And here’s the kicker — it’s fully leased. No empty spaces.

Original Purchase and Expansion Details

Terreno first bought part of this property back on September 29, 2010. That original building was 413,000 square feet and cost $22.5 million. Fast forward a few years.

In 2013, Terreno picked up the neighboring land. They expanded the building by 190,000 square feet. That expansion cost another $13.6 million. The move paid off. The investment brought in an unleveraged internal rate of return of 13.4%.

Terreno Realty’s Key Coastal Markets

Terreno isn’t a small player. They operate industrial real estate in six key coastal markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.

This press release has some forward-looking statements. Basically, it’s predictions about the future. Management believes certain things might happen. But remember, these are not guarantees.

Lots of risks and uncertainties could change the outcome. Words like “expect,” “estimate,” “may,” “plan,” “likely,” and “opportunity” signal these forward-looking statements.

Investor Caution and Predictions

Things can go differently than predicted. Past results or trends don’t promise what will happen next. Terreno isn’t updating these predictions unless legally required. Investors should be cautious and not rely too heavily on these statements.

Author Profile

Saleem Mubarak: The writer is a real estate journalist specializing in all types of New York City properties, including luxury residences, commercial spaces, and homes.

He also writes humorous articles about real estate, investors, and realtors.