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Terreno Adds to Hialeah Industrial Park
Terreno Realty Corp delivered Countyline Corporate Park Phase IV Building 34 in Hialeah, Fla. Building 34 is a 220,000-square-foot industrial asset. Commercial Search reports the development represents a $55.3 million investment with an estimated stabilized cap rate of 5.7 percent.
Countyline Corporate Park Phase IV is the latest delivery in a 121-acre, 2.2 million-square-foot industrial campus in Miami’s Countyline Corporate Park. Next to the site is the development’s third phase, which features seven other Terreno assets. Across Phases III and IV, the project includes 17 industrial buildings totaling 3.5 million square feet.
The property is already 100 percent leased to three tenants. International Cruise Logistics has taken 153,000 square feet at the facility. Metropolitan Warehouse & Delivery and Logicar are the other two.
Previously in May 2024, the developer delivered Building 40, an 186,000-square-foot asset. Terreno expects Phase IV to be finished in 2027. Building 35, another 220,000-square-foot asset in Phase IV, is still under construction. It will be completed in the fourth quarter of 2026.
- ◦Development
