Terreno Realty Corp. announced that it has completed the development of Countyline Corporate Park Phase IV Building 41 in Hialeah, Fla., and leased 100 percent of the building to an international logistics services provider. Building 41 of Terreno Realty’s Countyline Corporate Park is a 191,000-square-foot, 32-foot clear height, rear-load industrial distribution building on 10.5 acres with 62 dock-high and two grade-level loading positions and parking for 196 cars. The building is expected to achieve LEED certification, the total investment is $41.2 million, and the stabilized cap rate is 5.1 percent.
Countyline Corporate Park Phase IV consists of a 121-acre project entitled for 2.2 million square feet of industrial distribution buildings in Miami’s Countyline Corporate Park, immediately adjacent to Terreno Realty’s seven fully leased buildings within the corporate park, Countyline Corporate Park Phase III. Countyline is a landfill redevelopment adjacent to Florida’s
