Press Release
February 16, 2023

Terreno Realty Completes $359.4 Million Public Offering

The REITs & Real Estate M&A team advised Terreno Realty Corporation (NYSE: TRNO) on its underwritten public offering of 5,750,000 shares of its common stock at a price to the public of $62.50 per share, which included the underwriters’ full exercise of their option to purchase an additional 750,000 shares. Gross proceeds from the offering were approximately $359.4 million.

Terreno Realty owns and operates industrial real estate in six major U.S. coastal markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. As of December 31, 2022, Terreno owned a total of 252 buildings aggregating approximately 15.3 million square feet, 46 improved land parcels consisting of approximately 161.4 acres and three properties under redevelopment.

The Goodwin team was led by the capital markets team of Scott Chase, Eryn Mathews, Caitlin Tompkins and Christiana Deily and the tax team of Kelsey Lemaster, John Stern and Gregg Coughlin.  

For additional details on the offering, please read the press release