Terreno Realty announces development start in Hialeah, FL

Terreno Realty (TRNO) announced that it has commenced construction of Countyline Corporate Park Phase IV Building 36 in Hialeah, Florida. Building 36 has been 51% pre-leased to 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. Building 36 is expected to achieve LEED certification, the total expected investment is $54.1 million and the estimated stabilized cap rate is 5.8%.