{"id":1004579570,"date":"2022-05-09T02:17:08","date_gmt":"2022-05-09T10:17:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004579570"},"modified":"2022-12-08T11:50:47","modified_gmt":"2022-12-08T19:50:47","slug":"terreno-realty-pays-55m-for-bay-area-industrial-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/","title":{"rendered":"Terreno Realty Pays $55M for Bay Area Industrial Property"},"content":{"rendered":"
\"Terreno<\/a>

3660 Thomas Road<\/p><\/div>\n

Terreno Realty Corp.<\/strong> has expanded its industrial portfolio in the San Francisco Bay Area after its acquisition of an approximately 135,000-square-foot property in Santa Clara, Calif. The company acquired 3660 Thomas Road for $54.6 million from an undisclosed seller. According to CommercialEdge data, the previous owner was Marchese Properties<\/strong>.<\/p>\n

The industrial distribution facility was built with 13 dock-high doors, five grade-level loading positions and parking spaces for 91 cars. According to Commercial Edge data, the property was developed in 1968 and has 40,000 square feet of laboratory space, as well as 2,150 square feet of retail space.<\/p>\n

\n

READ ALSO<\/strong>: Office Development Remains Strong Across the Bay<\/a><\/p>\n

\n

The building is located on a 6.5-acre site next to the Montague Expressway, and has nearby access to U.S. Route 101 that connects tenants to San Francisco. The location also puts it within driving distance to the San Jose International Airport and the Port of Oakland. According to Terreno Realty, the property is fully leased to four tenants whose leases expire between 2022 and 2027.<\/p>\n

Terreno Realty\u2019s six-market strategy<\/h2>\n

Terreno Realty\u2019s acquisition of 3660 Thomas Road is part of its six-market strategy, where the company focuses on six major coastal U.S. markets for its industrial acquisitions. Terreno Realty is only investing in the Los Angeles, Northern New Jersey\/New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C. markets.<\/p>\n

In the Bay Area market, the company also acquired a 93,000-square-foot industrial distribution center<\/a> in Oakland, Calif., for $23.8 million in September 2019. More recently, Terreno Realty acquired a 118,000-square-foot industrial property<\/a> in Woodinville, Wash., that\u2019s part of the Seattle metro market. For Terreno Realty, these six specific markets all have large and growing consumer populations, are near highly developed airport, seaport and highway infrastructure for easier distribution, and have significant barriers when it comes to developing similar properties.<\/p>\n","protected":false},"excerpt":{"rendered":"

This Silicon Valley acquisition is part of the investor\u2019s six-market coastal strategy.<\/p>\n","protected":false},"author":883,"featured_media":1004579579,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,1609,15],"tags":[33863],"class_list":["post-1004579570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-san-francisco","category-west","tag-terreno-realty-corporation"],"acf":[],"yoast_head":"\nTerreno Realty Pays $55M for Bay Area Industrial Property - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Terreno Realty Corp. expanded its portfolio in the San Francisco Bay Area with the purchase of an industrial property in Santa Clara, Calif.\" \/>\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-realty-pays-55m-for-bay-area-industrial-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terreno Realty Pays $55M for Bay Area Industrial Property\" \/>\n<meta property=\"og:description\" content=\"Terreno Realty Corp. expanded its portfolio in the San Francisco Bay Area with the purchase of an industrial property in Santa Clara, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-09T10:17:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:50:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3660-Thomas-Road-Santa-Clara-Calif...jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"715\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/\",\"name\":\"Terreno Realty Pays $55M for Bay Area Industrial Property - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3660-Thomas-Road-Santa-Clara-Calif...jpg\",\"datePublished\":\"2022-05-09T10:17:08+00:00\",\"dateModified\":\"2022-12-08T19:50:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"description\":\"Terreno Realty Corp. expanded its portfolio in the San Francisco Bay Area with the purchase of an industrial property in Santa Clara, Calif.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3660-Thomas-Road-Santa-Clara-Calif...jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3660-Thomas-Road-Santa-Clara-Calif...jpg\",\"width\":1000,\"height\":715,\"caption\":\"3660 Thomas Road\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Terreno Realty Pays $55M for Bay Area Industrial Property\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\",\"name\":\"Jackson Chen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96\",\"caption\":\"Jackson Chen\"},\"description\":\"Jackson Chen is a Connecticut-based freelance writer who has reported on real estate for more than five years. He cut his teeth with real estate journalism when he previously wrote for Real Estate Weekly, the longest-running real estate publication in New York City. He has been writing for Multi-Housing News since late 2019.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jackson-chen\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Terreno Realty Pays $55M for Bay Area Industrial Property - Commercial Property Executive","description":"Terreno Realty Corp. expanded its portfolio in the San Francisco Bay Area with the purchase of an industrial property in Santa Clara, Calif.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/","og_locale":"en_US","og_type":"article","og_title":"Terreno Realty Pays $55M for Bay Area Industrial Property","og_description":"Terreno Realty Corp. expanded its portfolio in the San Francisco Bay Area with the purchase of an industrial property in Santa Clara, Calif.","og_url":"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-05-09T10:17:08+00:00","article_modified_time":"2022-12-08T19:50:47+00:00","og_image":[{"width":1000,"height":715,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3660-Thomas-Road-Santa-Clara-Calif...jpg","type":"image\/jpeg"}],"author":"Jackson Chen","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/","url":"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/","name":"Terreno Realty Pays $55M for Bay Area Industrial Property - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3660-Thomas-Road-Santa-Clara-Calif...jpg","datePublished":"2022-05-09T10:17:08+00:00","dateModified":"2022-12-08T19:50:47+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1"},"description":"Terreno Realty Corp. expanded its portfolio in the San Francisco Bay Area with the purchase of an industrial property in Santa Clara, Calif.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3660-Thomas-Road-Santa-Clara-Calif...jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3660-Thomas-Road-Santa-Clara-Calif...jpg","width":1000,"height":715,"caption":"3660 Thomas Road"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/terreno-realty-pays-55m-for-bay-area-industrial-property\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Terreno Realty Pays $55M for Bay Area Industrial Property"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1","name":"Jackson Chen","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96","caption":"Jackson Chen"},"description":"Jackson Chen is a Connecticut-based freelance writer who has reported on real estate for more than five years. He cut his teeth with real estate journalism when he previously wrote for Real Estate Weekly, the longest-running real estate publication in New York City. He has been writing for Multi-Housing News since late 2019.","url":"https:\/\/www.commercialsearch.com\/news\/author\/jackson-chen\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3660-Thomas-Road-Santa-Clara-Calif...jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004579570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/883"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004579570"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004579570\/revisions"}],"predecessor-version":[{"id":1004579646,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004579570\/revisions\/1004579646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004579579"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004579570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004579570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004579570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}