Terreno Realty Acquires Red Hook Warehouse for $26M
Terreno Realty has acquired a warehouse along the Red Hook, Brooklyn, waterfront. Terreno announced Monday the purchase of the 28,000-square-foot industrial property at 659 Court Street for $26.3 million from California-based LBA Properties, which made a pretty penny since…
Terreno Realty has acquired a warehouse along the Red Hook, Brooklyn, waterfront. Terreno announced Monday the purchase of the 28,000-square-foot industrial property at 659 Court Street for $26.3 million from California-based LBA Properties, which made a pretty penny since…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine commercial real estate acquisition with no novel financing structure or broader market implications, representing ordinary business activity.
Sources
Commercial Observer
Terreno Realty Acquires Red Hook Warehouse for $26M
Terreno Realty has acquired a warehouse along the Red Hook, Brooklyn, waterfront. Terreno announced Monday the purchase of the 28,000-square-foot industrial property at 659 Court Street for $26.3 million from California-based LBA Properties, which made a pretty penny since…