National industrial property investor Terreno Realty Corp. has acquired the Miami Industrial Trade Center in Medley for $17.25 million. Trading for $112 per square foot, the 154,560 square-foot warehouse is located at 8455 N.W. 74th St., just west of the Palmetto Expressway. The seller, The Realty Associates Fund VII, managed by Boston-based TA Realty, bought the center in 2005 for $11.25 million. Terreno Realty owns 10.6 million square feet of property in 141 buildings in Miami, Los Angeles, Seattle and on the East Coast.
