{"id":140189,"date":"2026-02-20T17:36:33","date_gmt":"2026-02-20T17:36:33","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/140189\/"},"modified":"2026-02-20T17:36:33","modified_gmt":"2026-02-20T17:36:33","slug":"us-industrial-investor-terreno-realty-buys-queens-asset-for-92m-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/140189\/","title":{"rendered":"US industrial investor Terreno Realty buys Queens asset for $92m | News"},"content":{"rendered":"<p>US industrial real estate investor Terreno Realty has\u00a0acquired an\u00a0asset in New York\u00a0for\u00a0$92m (\u20ac78m).<\/p>\n<p>The\u00a0property at 28-10 Whitestone Expressway, located in College Point, Queens, consists of a cross-dock industrial distribution building containing approximately 81,000sqft with an additional two floors of indoor parking on 4 acres.<\/p>\n<p>The asset is currently shell-complete, and Terreno Realty said it will permit and build out interior finishes, including roughly 8,000sqft of office space.<\/p>\n<p>Terreno Realty said construction is expected to conclude in early 2027, with the total investment reaching $103.4m and an estimated stabilised cap rate of 5.4%.<\/p>\n<p>Terreno Realty said the total acquisition cost of the property at 28-10 Whitestone Expressway, includes the initial purchase price, the effects of marking assumed debt to market, buyer\u2019s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilisation.<\/p>\n<p>To read the latest <a href=\"https:\/\/realassets.ipe.com\/current-edition\" target=\"_blank\" rel=\"nofollow noopener\">IPE Real Assets magazine click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"US industrial real estate investor Terreno Realty has\u00a0acquired an\u00a0asset in New York\u00a0for\u00a0$92m (\u20ac78m). The\u00a0property at 28-10 Whitestone Expressway,&hellip;\n","protected":false},"author":2,"featured_media":140190,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[9,24,63,122,124,123],"class_list":["post-140189","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-new-york","tag-new-york-city","tag-nyc","tag-queens","tag-queens-headlines","tag-queens-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/140189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=140189"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/140189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/140190"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=140189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=140189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=140189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}