By Joshua Burd
Terreno Realty Corp. has leased 85,000 square feet of industrial space in East Rutherford to a designer, developer and distributor of outdoor tools, the landlord said Monday.
In a news release, Terreno said the full-building lease commences immediately and expires in January 2022. The San Francisco-based company did not identify the tenant, only adding that it acquired the property in October 2015 and subsequently renovated it.
The New Jersey and New York City area is one of six major coastal U.S. markets in which Terreno is active. News of the deal comes about two weeks after the company announced its acquisition of a 31,000-square-foot industrial building in Carlstadt for $5 million.