Terreno Realty Corporation has completed the development and stabilization of Countyline Corporate Park Phase IV Building 32 in Hialeah, Florida. The new 164,000-square-foot industrial distribution building is fully leased to two tenants and features a 36-foot clear height, 53 dock-high and two grade-level loading positions, and parking for 148 cars. The building is expected to achieve LEED certification. With a total investment of $43.4 million and an estimated stabilized cap rate of 6.0%, this project is part of the larger Countyline Corporate Park Phase IV, which will eventually include ten LEED-certified buildings totaling 2.2 million square feet. The entire phase is expected to be completed in 2027, with a total investment of approximately $511.5 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Terreno Realty Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260117125903) on January 20, 2026, and is solely responsible for the information contained therein.