Terreno Realty Corporation Announces LEED Certified Development Completion in Hialeah, FL
Terreno Realty Corporation, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced recently that it has completed the development and stabilization of Countyline Corporate Park Phase IV Building 31 in Hialeah, Florida, according to the Business Wire. Building 31 is 100% leased to one tenant. Building 31 of Terreno Realty Corporation’s Countyline Corporate Park is a 162,000 square-foot 36-foot clear-height rear-load industrial distribution building on 10.0 acres with 53 dock-high and two grade-level loading positions and parking for 140 cars. Developers expect the building to achieve LEED certification, with a total expected investment of $42.1 million and an estimated stabilized cap rate of 6.0%.
