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Courtesy: photo by Ivan Henao<\/a> on Unsplash<\/a><\/p>\nThe 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.<\/p>\n
Final building in major industrial park nears completion<\/p>\n
Building 35 marks the final structure in Terreno\u2019s 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.<\/p>\n
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.<\/p>\n
Once complete, Phase IV will include 10 LEED-certified industrial buildings totaling around 2.2 million square feet, significantly expanding the region\u2019s logistics capacity.<\/p>\n
Strategic location strengthens logistics appeal<\/p>\n
Countyline Corporate Park is strategically located at the intersection of major transportation routes, including Florida\u2019s 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.<\/p>\n
The broader project spans 121 acres and is designed to support modern distribution needs with:<\/p>\n
655 dock-high loading positions23 grade-level loading doorsParking for approximately 1,875 vehicles<\/p>\n
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.<\/p>\n
Larger portfolio expansion across key coastal markets<\/p>\n
With the addition of Phase IV, Terreno\u2019s combined Countyline Corporate Park Phases III and IV will feature 17 buildings totaling approximately 3.5 million square feet of industrial space.<\/p>\n
The development is part of Terreno\u2019s broader investment strategy focused on high-demand coastal markets, including:<\/p>\n
New York City \/ Northern New JerseyLos AngelesMiamiSan Francisco Bay AreaSeattleWashington, D.C.<\/p>\n
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.<\/p>\n
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Courtesy: photo by Ali on PexelsIndustrial demand remains resilient<\/p>\n
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\u2014including automotive supply chains such as tire distribution\u2014are increasingly securing space ahead of completion to ensure operational continuity.<\/p>\n
Additionally, the project\u2019s 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.<\/p>\n
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\u2019s position in the competitive industrial REIT landscape.<\/p>\n