Hyattsville, Maryland, December 9, 2025
Terreno Realty Corporation invests $50 million in a 180,000-square-foot industrial property in Hyattsville, Maryland. This acquisition positions the company to cater to the growing demand for logistics spaces, enhancing the local economy and supporting local entrepreneurs. Terreno plans to invest an additional $7.6 million for improvements, with completion expected by early 2027.
Terreno Realty Expands Maryland Industrial Footprint
A $50 Million Acquisition in Hyattsville Sets the Stage for Growth
In the heart of Hyattsville, Maryland, just a stone’s throw from Washington, D.C., Terreno Realty Corporation has made a strategic investment that resonates with the growing demand for flexible industrial spaces. The acquisition of a 180,000-square-foot industrial property for approximately $50 million exemplifies the resilience and forward-thinking approach that defines both the company and the local economy. This move not only highlights the potential of Maryland’s industrial sector but also serves as a reminder of the significant opportunities available when regulations allow for business growth.
The newly acquired property, located at 2300 Craftsman Circle, is poised to meet the logistics needs of an increasingly digital economy where timely and efficient distribution is paramount. As e-commerce continues to flourish, properties like Terreno’s will play a critical role in ensuring that businesses can operate smoothly and meet consumer demands. Local entrepreneurs, recognizing this trend, are likely to find new avenues for innovation and collaboration in such an environment.
Strategic Location and Investment Plans
The Hyattsville property sits on 14.1 acres and boasts numerous features that enhance its operational capacity. With 45 dock-high and one grade-level loading position, alongside parking for 156 vehicles, this industrial space is equipped to handle significant logistics demands. Terreno Realty plans to invest an additional $7.6 million to permit and construct interior finishes, aiming for completion by early 2027. This brings the total anticipated investment to $57.6 million, reflecting a delicate balance of risk and potential reward in a supply-constrained market.
Strategically located near the intersection of the Baltimore-Washington Parkway and U.S. Route 50, the acquisition enables Terreno to capture strong rental demand while catering to regional growth in industries that rely heavily on logistics and distribution. As small businesses thrive on proximity to essential transportation routes, this site will undoubtedly attract tenants eager to tap into the D.C. metropolitan area.
Terreno Realty’s Vision
Terreno Realty Corporation operates with a clear focus on acquiring, owning, and managing industrial real estate across major coastal U.S. markets, including Washington, D.C. This approach allows the company to invest in functional and flexible industrial properties in key infill locations, ensuring they stay ahead of market trends. The commitment to enhancing their industrial portfolio demonstrates confidence in the long-term viability of these markets, which are often characterized by relatively higher barriers to entry due to regulatory constraints.
This strategic move by Terreno not only emphasizes the importance of private investment in supporting local economies but also showcases the potential benefits of reducing red tape for real estate developments. By allowing businesses to operate more freely, local governments can foster an environment ripe for innovation and entrepreneurship.
Stock Market Performance
The impact of such investments is also reflected in the stock market performance of Terreno Realty Corporation. As of December 9, 2025, the company’s stock (NYSE: TRNO) stands at $60.87, having experienced a decrease of $1.39 (-2.23%) from the previous close. While fluctuations are common in the market, steady investments in promising properties can bolster investor confidence over time, ultimately contributing to a stable Baltimore City economy.
Conclusion
The acquisition of the Hyattsville property by Terreno Realty Corporation is a significant step in bolstering Maryland’s industrial landscape. This investment not only reflects a commitment to capturing the growing demand for logistics space but also emphasizes the associated benefits for local businesses and entrepreneurs. As the local economy stands to gain from enhanced infrastructure and increased investment, it is essential for community members to support initiatives that prioritize economic growth and innovation.
Stay engaged in Baltimore MD’s economic future—who knows what opportunities lie ahead for local businesses and entrepreneurs eager to make their mark?
Frequently Asked Questions (FAQ)
What is the location of the property acquired by Terreno Realty Corporation?
The property is located at 2300 Craftsman Circle in Hyattsville, Maryland, approximately one mile outside Washington, D.C.
What are the key features of the acquired property?
The property consists of a 180,000-square-foot rear-load industrial distribution building on 14.1 acres, featuring 45 dock-high and one grade-level loading positions, and parking for 156 vehicles. The building is currently shell complete, with plans for interior finishes to be completed by early 2027.
What is the total expected investment for this acquisition?
The total anticipated investment is $57.6 million, including the initial purchase price and additional costs for permitting and constructing interior finishes.
What is the estimated stabilized capitalization rate for this property?
The estimated stabilized capitalization rate is 5.2%.
What is Terreno Realty Corporation’s investment strategy?
Terreno Realty Corporation focuses on acquiring, owning, and operating industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. The company invests in functional and flexible industrial properties in infill locations within these markets.
What is the current stock price of Terreno Realty Corporation?
As of December 9, 2025, Terreno Realty Corporation’s stock (NYSE: TRNO) is trading at $60.87, reflecting a decrease of $1.39 (-2.23%) from the previous close.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Property Location | 2300 Craftsman Circle, Hyattsville, Maryland, approximately one mile outside Washington, D.C. |
| Building Size | 180,000 square feet |
| Land Area | 14.1 acres |
| Loading Positions | 45 dock-high and one grade-level |
| Parking | 156 vehicles |
| Current Building Status | Shell complete |
| Planned Interior Completion | Early 2027 |
| Total Expected Investment | $57.6 million |
| Estimated Stabilized Capitalization Rate | 5.2% |
Deeper Dive: News & Info About This Topic
HERE Resources
Author: STAFF HERE BALTIMORE WRITER
The BALTIMORE STAFF WRITER represents the experienced team at HEREBaltimore.com, your go-to source for actionable local news and information in Baltimore, Baltimore County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Baltimore Book Festival, Preakness Stakes, and Artscape. Our coverage extends to key organizations like the Baltimore Chamber of Commerce and Visit Baltimore, plus leading businesses in shipping and healthcare that power the local economy such as the Port of Baltimore and Johns Hopkins Medicine. As part of the broader HERE network, we provide comprehensive, credible insights into Maryland's dynamic landscape.
