Terreno Realty has executed an early lease renewal with a leading national full-service equipment rental firm for a 3.5-acre improved land parcel in Newark.
The lease, which was to expire in August 2027, will now expire in February 2036.
In June, Terreno Realty executed an 81,000 square foot lease in Avenel. The lease commenced on June 30, 2025, and is scheduled to expire in November 2030. The lessee under the agreement is a third-party logistics provider.
TRNO, which acquires, owns, and operates industrial real estate in six major coastal U.S. markets, has been experiencing healthy demand for its properties from both new and existing tenants.
