Terreno Realty Corporation, a newly organized REIT that focuses on acquiring industrial real estate in six major coastal U.S. markets (Southern California, San Francisco Bay Area, Seattle, northern New Jersey/New York City, Washington D.C./Baltimore, and South Florida), filed on Tuesday with the SEC to raise up to $400 million in an initial public offering. The San Francisco, CA-based company, which was founded in 2007 and has no operating history to date, plans to list on the NYSE. Goldman Sachs is the lead underwriter on the deal, for which pricing terms were not disclosed. Three of the six most recent IPO filings have been in the real estate sector.
