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Terreno Realty Corp. announces industrial development completion in Hialeah, Fla.
Transactions - MAY 28, 2024

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Terreno Realty Corp. announces industrial development completion in Hialeah, Fla.

by RELEASED

Terreno Realty Corporation announced that it has completed the development and stabilization of Countyline Corporate Park Phase IV Building 40 in Hialeah, Fla., effective June 30, 2024. Building 40, which was previously expected to stabilize in the fourth quarter of 2024, is 100 percent leased to four tenants. Building 40 of Terreno Realty Corporation’s Countyline Corporate Park is a 186,000-square-foot, 36-foot clear height industrial distribution building on 9.1 acres with 60 dock-high and two grade-level loading positions and parking for 159 cars. The building is expected to achieve LEED certification. The total expected investment is $43.8 million, and the estimated stabilized cap rate is 6.3 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 (Countyline), immediately adjacent to Terreno Realty Corporation’s seven buildings within Co

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