Terreno Realty commences construction on Florida development

Terreno Realty (TRNO) announced that it has commenced construction of Countyline Corporate Park Phase IV Building 35 in Hialeah, Florida; the tenth and final building to be developed in Countyline Corporate Park Phase IV. Building 35 of Terreno Realty Corporation’s Countyline Corporate Park is a 220,000 square foot 36-foot clear height rear-load industrial distribution building on 10.7 acres with 78 dock-high and two grade-level loading positions and parking for 185 cars. Building 35 is expected to complete shell construction in the fourth quarter of 2026 and achieve LEED certification. The total expected investment of Building 35 is $55.5M and the estimated stabilized cap rate is 6.0%.