Terreno Realty Corporation has secured a major pre-lease agreement for industrial space in Hialeah, Florida, underscoring continued demand for logistics and distribution facilities in South Florida’s rapidly growing industrial market.

Courtesy: photo by Ivan Henao on Unsplash

The company announced it has pre-leased approximately 220,000 square feet at Building 35 within Countyline Corporate Park Phase IV to a national tire distributor. The lease will commence following construction completion and tenant improvements, which are expected in the fourth quarter of 2026, and will run through July 2032.

Final building in major industrial park nears completion

Building 35 marks the final structure in Terreno’s 10-building Phase IV development at Countyline Corporate Park. The facility is currently under construction and is expected to achieve LEED certification, reflecting a broader industry push toward sustainable industrial development.

The project carries a total expected investment of $51.3 million and is projected to deliver a stabilized cap rate of approximately 6.0%, indicating solid long-term returns based on anticipated occupancy and income levels.

Once complete, Phase IV will include 10 LEED-certified industrial buildings totaling around 2.2 million square feet, significantly expanding the region’s logistics capacity.

Strategic location strengthens logistics appeal

Countyline Corporate Park is strategically located at the intersection of major transportation routes, including Florida’s Turnpike and the southern end of I-75. The development sits on a redeveloped landfill site, transforming previously underutilized land into a high-value logistics hub.

The broader project spans 121 acres and is designed to support modern distribution needs with:

655 dock-high loading positions23 grade-level loading doorsParking for approximately 1,875 vehicles

Its proximity to major highways makes it an attractive option for tenants seeking efficient regional and last-mile distribution access across the Miami metropolitan area.

Larger portfolio expansion across key coastal markets

With the addition of Phase IV, Terreno’s combined Countyline Corporate Park Phases III and IV will feature 17 buildings totaling approximately 3.5 million square feet of industrial space.

The development is part of Terreno’s broader investment strategy focused on high-demand coastal markets, including:

New York City / Northern New JerseyLos AngelesMiamiSan Francisco Bay AreaSeattleWashington, D.C.

These regions continue to see strong demand for industrial real estate, driven by e-commerce growth, supply chain optimization and the need for modern distribution infrastructure.

Courtesy: photo by Ali on PexelsIndustrial demand remains resilient

The pre-leasing of Building 35 highlights the strength of the industrial real estate sector, particularly in logistics-heavy markets like South Florida. Companies across sectors—including automotive supply chains such as tire distribution—are increasingly securing space ahead of completion to ensure operational continuity.

Additionally, the project’s LEED certification goal aligns with tenant preferences for energy-efficient and environmentally responsible facilities, which can help reduce operating costs and support corporate sustainability targets.

As construction progresses toward its 2026 completion, Countyline Corporate Park is expected to play a key role in supporting regional distribution networks while reinforcing Terreno’s position in the competitive industrial REIT landscape.

Originally reported by Business Wire.