Sheppard Mullin Advised Terreno Realty Corporation in Bay Area Property Acquisition for $186 Million
04.05.2023
Sheppard Mullin advised Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, in the acquisition of a Class A industrial property located in Newark, California, for $186 million. The property located at 7355-7395 Morton Avenue consists of four industrial distribution buildings containing approximately 603,000 square feet on 30.5 acres.
The Sheppard Mullin team, led by partners David Hymer, Jennifer Chavez and Nico van Aelstyn, advised Terreno Realty on the purchase agreement and due diligence issues.
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