Terreno Realty Corporation Inks 7-Year 105,000-SF Deal With Logistics Provider
The deal brings Countyline Corporate Park Phase IV Building 33 to 67% pre-leased.
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
His recent transactions include representing Terreno Realty Corporation in the off-market purchase of a 6.72-acre industrial site in Medley for $20 million and subsequently negotiating a 10-year lease for the full facility with a national credit tenant on behalf of Terreno.
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.
Transwestern’s Carlos Gaviria, Thomas Kresse, Walter Byrd, and Ben Eisenberg represented building owner Terreno Realty Corporation in the transaction.
VSRE has also been contracted to develop apartment buildings, retail, and offices.
The 6.7-acre improved land parcel is adjacent to the intersection of the Palmetto Expressway and West Okeechobee Road.
The property consists of two recently developed rear-load 32-foot clear industrial distribution buildings containing approximately 402,000 square feet on 19.0 acres.
The property consists of one recently developed rear-load 32-foot clear industrial distribution building containing approximately 221,000 square feet on 11.4 acres.
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