Terreno Realty Corp., an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced it has completed the development and stabilization of Countyline Corporate Park Phase IV Building 34 in Hialeah, Fla. Building 34 is 100 percent leased to three tenants. Building 34 of Terreno Realty Corp.’s Countyline Corporate Park is a 220,000 square foot, 36-foot clear height rear-load industrial distribution building on 13.0 acres with 76 dock-high and two grade-level loading positions and parking for 188 cars. The building is expected to achieve LEED certification, the total investment is $55.3 million and the estimated stabilized cap rate is 5.7 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 Corp.’s seven-building Countyline Corporate Park Phase III. Countyline Cor
