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Seattle & Northwest  + Seattle  + Industrial  | 

Terreno Grows Seattle Presence with Redmond Warehouse Deal 

Terreno Realty Corporation recently acquired an industrial property located in Redmond, WA for approximately $9.8 million. The seller wasn’t disclosed. 

The property consists of two industrial distribution buildings containing approximately 32,000 square feet on 2.0 acres. It is located at 14505-14515 NE 91st St., between I-405 and SR 520 adjacent to Terreno’s property at 9045 Willows Rd. It provides 13 grade-level loading positions and parking for 58 cars. The property is 100% leased to one tenant and the estimated stabilized cap rate is 4.1%. 

Headquartered in San Francisco and in Bellevue, WA. Terreno invests in six coastal markets: Los Angeles, the New York/New Jersey metro area, the Bay Area, Seattle, Miami and Washington, DC. Locally, its portfolio spans more than 2.3 million square feet. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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