05:14 AM EDT, 03/26/2024 (MT Newswires) -- Terreno Realty ( TRNO ) said Monday it has priced an upsized public offering of 5.5 million common shares at $62 per share.

Underwriters have been granted a 30-day option to purchase up to an additional 825,000 common shares.

The offering, which was upsized from 5 million shares, is expected to close Wednesday.

The industrial real estate company intends to use the net proceeds from the offering to finance acquisitions, including 28 properties totaling more than 1.2 million square feet in the New York City area and California, as well as to pay for general corporate purposes.