Terreno Realty, a newly organized REIT targeting industrial real estate in six coastal U.S. markets, lowered the proposed deal size for its upcoming IPO by 33% on Thursday. The San Francisco, CA-based company had originally planned to raise $300 million by offering 15 million shares at $20, but now seeks to sell 10 million shares at the same price for total proceeds of $200 million. Terreno Realty plans to list on the NYSE under the symbol TRNO. Goldman Sachs is the lead underwriter on the deal, which is expected to price on January 25.
