Terreno Realty signs 81,000-sq-ft lease in Queens, NY with e-commerce tenant
TRNO•Lease signed in College Point, Queens
Terreno Realty executed a full-property lease for 81,000 square feet in College Point, Queens, with a leading e-commerce firm.
- Lease started July 24, 2026 and runs to July 2029.
- The tenant has four renewal options, including an initial 10-year extension.
- The tenant may terminate with six months' notice in certain circumstances during the initial three-year term.
- Total expected investment is $98.8 million and the estimated stabilized cap rate is 6.4%.
