A previously announced ten-year lease for 82,000 square feet with an aircraft engine maintenance, repair and overhaul provider has been expanded to 92,000 square feet, and a new tenant has signed a lease for 72,000 square feet.
The ten-year lease will commence upon completion of building construction and tenant improvements expected to be in June 2025.
The building has been 70% pre-leased to a cruise ship industry provider of non-perishable food items and food service supplies commencing with building completion and tenant build-out, expected to be in the third quarter of 2025, and expiring February 2033.
Building 39 of Terreno Realty Corporation’s Countyline Corporate Park, which is 100% leased to one tenant, is a 178,000-square-foot, 36-foot clear height industrial distribution building on 10.9 acres with 58 dock-high and two grade-level loading positions and parking for 156 cars.
The deal brings Countyline Corporate Park Phase IV Building 33 to 67% pre-leased.
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
This milestone marks the continuation of Phase IV, a 121-acre site within Countyline Corporate Park that can accommodate up to 2.2 MSF at full build out.
The ten-year lease is expected to commence in November 2023 upon completion of tenant improvements.
VSRE has also been contracted to develop apartment buildings, retail, and offices.
Terreno intends to develop eight additional buildings, slated for completion by 2025. At full build-out, the campus will total 2.2 million square feet.