Terreno Realty Corporation completed a 164,000‑square‑foot distribution building in Hialeah, Florida, on January 20 2026. The facility, part of Countyline Corporate Park Phase IV, is fully leased to two tenants and features 53 dock‑high and two grade‑level loading positions, 148 parking spaces, and a 36‑foot clear height.
The building sits on 8.3 acres and was developed at a cost of $43.4 million. It is expected to achieve LEED certification and has a projected stabilized cap rate of 6.0%, reflecting the strong demand for coastal infill industrial space in the Miami market.
This project is a key milestone in Terreno’s strategy to acquire, own, and operate high‑barrier coastal industrial properties. Phase IV will ultimately add ten LEED‑certified buildings totaling approximately 2.2 million square feet, expanding the company’s footprint in the region.
The Hialeah location is a prime infill industrial site near ports and transportation infrastructure, meeting the needs of e‑commerce and logistics tenants. The full lease provides stable cash flow and supports the company’s portfolio diversification.
The completion demonstrates Terreno’s ability to deliver large, high‑quality facilities on schedule and within budget, reinforcing its reputation for operational excellence. The 6.0% cap rate underscores the robust demand for coastal infill industrial space, supporting the company’s valuation and future development pipeline.
The project underscores Terreno’s focus on sustainable, high‑barrier properties and positions the company to capture continued growth in the Miami logistics market.
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