– Countyline Phase IV 56% Completed and Stabilized
Bellevue, Wash., March 27, 2025-(business wire)-Terreno Realty Corporation (NYSE: TRNO), the acquirer, owner and operator of industrial real estate on six main coastal markets of the United States, announced today that it has hired 100% of the County Park Park Fase IV building on Hialeah, Florida. A seven -year leasing for 105,000 square feet, with a third -party logistics provider, began after the construction of buildings and tenants’ construction in March 2025. In addition, Terreno Realty Corporation signed a lease for 28,000 square feet with a grocery supplier and 24,000 square fts with a special distributor. Building 33 Shell Construction ended in January 2025 and stabilized in the third quarter of 2025 is expected after the tenants’ improvements for the two recently signed leases are completed. Stabilization will lead to a complete and stabilized and stabilized Countyline Corporate Park up to 63%. Building 33 of the Countyline Corporation Corporate Park of Terreno Realty is 158,000 square feet 36-foot clear growth building for industrial distribution of back load 9.0 acres with 53 DOK and two-class loading positions and parking for 136 vehicles. The building is expected to achieve Leed certification, the total expected investment is $ 39.9 million, and the estimated stabilized rate of the limit is 5.9%.
Countyline Corporate Park Phase IV consists of a 121 -acre project entitled 2.2 million square feet of industrial buildings for distribution in Miami Countyline’s Countyline) County Line buildings (Countyline) Iii). Countyline is the reconstruction of the landfill to the Turnpike in Florida and the southern end of the I-75, located at the intersection of NW 170th Street and NW 107th Avenue. At the expected completion in 2027, County Line Corporate Park Phase IV is expected to contain ten certified with LEED industrial buildings for a total value of approximately 2.2 million square feet (of which five buildings at a total of approximately 1.2 -square -ups are already completed and stabilized), providing 66 The car for a total and 22 loading positions of 1.875.
Taken together, Corporate Park Park Fase III and IV will contain 17 industrial buildings and 3.5 million square feet on County Line Corporate Park Phase III and IV.
Estimated stabilized restriction tariffs are calculated as an annual cash base of net operational income stabilized to market employment (usually 95%) divided by total acquisition costs. The total acquisition price includes the initial purchase price, the effects of marking have taken a debt to the market, a proper check of the buyer and the cost of closing, the estimated short -term capital costs and the leasing costs required to achieve stabilization.
Terreno Realty Corporation acquires, owns and manages industrial real estate on six major US US: New York/North New Jersey; Los Angeles; Miami; The area of San Francisco Bay; Seattle and Washington, Colombia County
Further information about Terreno Realty Corporation is available on the company’s website at www.terreno.com.
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