San Francisco-based Terreno Realty announced today it has acquired a 52,000-square-foot industrial building in Newark for $15 million.
According to the announcement, the property consists of 9.4 acres at 550 Delancy St. It is within 2 miles of Newark Liberty International Airport and the Port of Newark and is fully leased.
On Wednesday, Terreno announced a $2.6 million property purchase in Fairfield.
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