Terreno Adds 76,000-SF Tenant To Countyline Corporate Park, Another Expands By 29,000 SF

Terreno Realty Corporation announced that it has pre-leased 76,377 square feet in Countyline Corporate Park Phase IV Building 36 to Plantain Products Co., the company behind the popular Chifles plantain chip brand, commencing upon building completion and tenant build-out expected to be in the first quarter of 2027 and expiring July 2037.

SVN Commercial Realty’s Joel Kattan and Anthony Peragine represented Plantain Products Co. in the lease negotiations.

A previously announced pre-lease of 108,000 square feet with Gap Forwarding Inc., an international logistics management company specializing in freight forwarding and consolidating services, commencing with building completion and tenant build-out, expected to be in the first quarter of 2027, and expiring June 2037, has been expanded by 29,000 square feet bringing Building 36 to 100% pre-leased. Building 36 recently commenced construction and is expected to achieve LEED certification with a total expected investment of $56.2 million. The estimated stabilized cap rate is 5.8%.

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 Countyline (Countyline Corporate Park Phase III). Countyline is a landfill redevelopment adjacent to Florida’s Turnpike and the southern terminus of I-75 located at the intersection of NW 170th Street and NW 107th Avenue. At expected completion in 2027, Countyline Corporate Park Phase IV is expected to contain ten LEED-certified industrial distribution buildings totaling approximately 2.2 million square feet providing 655 dock-high and 23 grade-level loading positions and parking for 1,875 cars for a total expected investment of approximately $511.5 million.

Taken together, Terreno Realty Corporation’s Countyline Corporate Park Phase III and IV will contain 17 industrial distribution buildings and 3.5 million square feet.