Terreno Announces 100% Occupancy At Countyline Corporate Park’s Building 32

Terreno Realty Corporation has leased 100% of Countyline Corporate Park Phase IV Building 32 in Hialeah.

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 commenced upon completion of tenant improvements in August 2025.

In addition, Terreno Realty Corporation has signed a lease for 72,000 square feet with a distributor of Asian food products that will commence upon completion of tenant improvements expected in February 2026 and expire in June 2036.

Building 32 shell construction finished in January 2025 and stabilization is expected in the first quarter of 2026 upon completion of tenant improvements for the recently-executed lease. Building 32 of Terreno Realty Corporation’s Countyline Corporate Park is a 164,000 square foot 36-foot clear height rear-load industrial distribution building on 8.3 acres with 53 dock-high and two grade-level loading positions and parking for 148 cars. The building is expected to achieve LEED certification, the total expected investment is $43.4 million and the estimated stabilized cap rate is 6.0%.

Stabilization of Building 32 in first quarter 2026 is expected to bring Countyline Corporate Park Phase IV to 70% complete and stabilized, 10% under construction (70% pre-leased) and 20% available for future development.

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 660 dock-high and 22 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.