{"id":1004174037,"date":"2017-04-25T05:52:40","date_gmt":"2017-04-25T13:52:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004174037"},"modified":"2022-12-08T01:50:36","modified_gmt":"2022-12-08T09:50:36","slug":"terreno-adds-126-ksf-industrial-asset-to-its-nj-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/terreno-adds-126-ksf-industrial-asset-to-its-nj-portfolio\/","title":{"rendered":"Terreno Adds 126 KSF Industrial Asset to Its NJ Portfolio"},"content":{"rendered":"<p><em>By Corina Stef<\/em><\/p>\n<div id=\"attachment_1004174040\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture7.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004174040\" data-attachment-id=\"1004174040\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/terreno-adds-126-ksf-industrial-asset-to-its-nj-portfolio\/capture-93\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture7.png\" data-orig-size=\"927,695\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"7777 West Side Ave., North Bergen\" data-image-description=\"&lt;p&gt;7777 West Side Ave., North Bergen&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;7777 West Side Ave., North Bergen&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture7.png?w=927\" loading=\"lazy\" class=\"wp-image-1004174040 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture7.png\" alt=\"7777 West Side Ave., North Bergen\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture7.png 927w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture7.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture7.png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004174040\" class=\"wp-caption-text\">7777 West Side Ave., North Bergen<\/p><\/div>\n<p>Real estate investment trust Terreno Realty Corp. has\u00a0acquired\u00a07777 West Side Ave. in\u00a0North Bergen, N.J. The purchase price was about\u00a0$14 million and closed at a 5.3 percent cap rate. The property\u00a0last changed hands in 2011, when current tenant DermaRite Industries LLC purchased it for $7.7 million, according to PropertyShark data.<\/p>\n<p>Built in 1967, the 126,000-square-foot industrial distribution building sits on a 4.4-acre parcel and features eight dock-high and two grade-level loading positions. It also offers 70 parking spaces. The facility provides research and development labs, together with corporate office space. Located in the vicinity of Tonelle Plaza Shopping Center, restaurants, and a fitness center, the property\u00a0provides easy access to neighboring cities via 16 Tunnel Exit St. and the CSX train station. In addition, the asset is five miles away from Manhattan.<\/p>\n<p>According to February SEC reports, the REIT\u2019s Northern New Jersey and New York City portfolio consisted of 47 industrial properties, making this purchase their 48<sup>th<\/sup> acquisition in the area. Only this year, the company acquired a <a href=\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-acquires-1msf-south-bay-industrial-property\/\">one-million-square-foot industrial property<\/a> in metro Los Angeles and an 86,000-square-foot building in<a href=\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-goes-shopping-in-nj\/\"> Somerset, N.J.<\/a><\/p>\n<p><em>Image\u00a0via GoogleMaps.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terreno Realty Corp. recently acquired an industrial building that currently serves as corporate headquarters for DermaRite Industries LLC. The asset traded at a 5.3 percent cap rate.<\/p>\n","protected":false},"author":741,"featured_media":1004174040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,1600,21742,10],"tags":[33863],"class_list":["post-1004174037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-new-york","category-latest","category-northeast","tag-terreno-realty-corporation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Terreno Adds 126 KSF Industrial Asset to Its NJ Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/terreno-adds-126-ksf-industrial-asset-to-its-nj-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terreno Adds 126 KSF Industrial Asset to Its NJ Portfolio\" \/>\n<meta property=\"og:description\" content=\"Terreno Realty Corp. recently acquired an industrial building that currently serves as corporate headquarters for DermaRite Industries LLC. 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