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Terreno Realty sells $19M Paterson industrial property


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San Francisco-based Terreno Realty announced Wednesday its sale of an industrial property in the Totowa section of Paterson for $19 million.

According to the announcement, the property consists of one distribution building containing approximately 208,000 square feet and was purchased by the tenant that currently leases 100 percent of the building. Terreno Realty Corporation acquired the property in September 2010 for a purchase price of approximately $16.5 million.

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