Terreno Scores Tenant For Miami Warehouse Space

Law360, New York (December 21, 2011, 10:28 PM EST) -- In the latest boost to southern Florida's industrial real estate market, Terreno Realty Corp. has leased 166,000 square feet of warehouse space to a local logistics company, the company announced on Wednesday.

The San Francisco-based industrial real estate firm leased the space from a multi-tenant warehouse and distribution center it owns in Miami Lakes, Fla., to an unnamed renter. While the lease's duration terms were not disclosed, the agreement includes an expansion option exercisable within 13 months for an additional 24,000 square feet, the real estate...
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