Terreno Realty (TRNO) announced that it has pre-leased 76,000 square feet in Countyline Corporate Park Phase IV Building 36 to a manufacturer and distributor of plantain products commencing upon building completion and tenant build-out expected to be in the first quarter of 2027 and expiring July 2037. A previously announced pre-lease of 108,000 square feet with 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, has been expanded by 29,000 square feet bringing Building 36 to 100% pre-leased. Building 36 recently commenced construction and is expected to achieve LEED certification with a total expected investment of $56.2M. The estimated stabilized cap rate is 5.8%.
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