Terreno buys recently completed Doral industrial complex for $131M

Terreno Realty Corporation picked up a recently completed Doral industrial project for $130.7 million, in the latest warehouse sell-off by Link Logistics and parent company Blackstone.  An affiliate of San Francisco-based Terreno, led by Blake Baird, bought Royal Palm Doral, a two-building complex at 6450-6550 Northwest 97th Avenue completed in 2024, records and real estate database Vizzda show.  The deal breaks down to roughly $378 a square foot for the warehouses, which span 345,940 square feet.  Sellers, New York-based Link, led by Luke Petherbridge, and New York-based Blackstone, led by Stephen Schwarzman, developed Royal Palm Doral with a $51 million […]This article originally appeared on The Real Deal. Click here to read the full story.