Follow-On Offering

Real Estate
Follow-On Offering

Summary

Baird served as a lead manager on this offering

About

Terreno Realty Corporation (NYSE: TRNO) (“Terreno” or the “Company”) recently completed a follow-on offering of 5,750,000 common shares at a price of $16.60 per share, generating gross proceeds of approximately $95.5 million. Terreno intends to use the net proceeds from the offering for future acquisitions, repayment of amounts outstanding under the Company’s revolving credit facility, general corporate purposes, which may include the repayment of other indebtedness, or a combination of the foregoing.

Terreno is an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C./Baltimore. The Company’s portfolio consists of a mix of core and value-added investments in infill locations, with no ground up development or complex joint ventures. The Company focuses on owning and acquiring functional and flexible assets in close proximity to transportation infrastructure that are generally suitable for multiple tenants. Terreno is headquartered in San Francisco, California.

For additional information about this transaction, please contact:

Steve Goldberg (202) 303-1808
Jeff Rogatz (202) 303-1823
Peter Kies (414) 765-7262
Gary Placek (414) 765-3611
Michael Wilcox (312) 609-4927
Real Estate
Follow-On Offering
Date
February 2013
Company
Terreno Realty Corporation
Transaction
M&A
Sectors
Real Estate
Target Location
North America

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