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F&S Realty Exercises Purchase Option on Jessup Complex

Current Tenant Pays $11.5 Million to Terreno Realty for 135,000-SF Facility on Dorsey Run Rd.
January 4, 2018
F&S Realty has exercised its purchase option for a 135,000-square-foot industrial complex located at 8441 Dorsey Run Rd. in Jessup, MD.

F&S Realty had been occupying the facility as a tenant before electing to pull the trigger on a buy option negotiated into its lease in 2013. The company, which owns and operates the adjacent building at 8477 Dorsey Run Rd., shares the building with Southern Pacific Supply Co., according to CoStar information.

Terreno Realty Corp. (NYSE: TRNO), a San Francisco-based industrial real estate company that strictly invests in the Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C./Baltimore markets, sold the facility for $11.5 million, or about $85 per square foot, after originally acquiring the asset in March 2011 for $5.8 million.

Allan Riorda with Lee & Associates Commercial Real Estate Service worked with Terreno Real Estate Corp. during the transaction.

Please see CoStar COMPS #4095763 for more information.
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