- Terreno Realty Corporation has commenced construction of **Building 36** at Countyline Corporate Park Phase IV in Hialeah, Florida.  **[1476150_c194fa6b005e4ab5b003367ab61a7179_0]** 
- The **214,000 square foot** industrial distribution building is **51% pre-leased** to an international logistics management company, with completion and lease commencement expected in the **first quarter of 2027** and the lease expiring in **June 2037**.  **[1476150_c194fa6b005e4ab5b003367ab61a7179_0]** 
- The total expected investment for Building 36 is **$54.1 million**, with an estimated stabilized cap rate of **5.8%**.  **[1476150_c194fa6b005e4ab5b003367ab61a7179_0]** 
- The broader Countyline Corporate Park Phase IV project is expected to contain **ten LEED-certified industrial distribution buildings** totaling approximately **2.2 million square feet** for a total expected investment of approximately **$511.5 million** at expected completion in 2027.  **[1476150_c194fa6b005e4ab5b003367ab61a7179_0]**

Terreno Realty Announces Development Start in Hialeah, FL

- Terreno Realty Corporation announced that its Countyline Corporate Park Phase IV Building 32 in Hialeah, Florida, is now **100% leased**.  **[1476150_02328614769148adbcb562c3fd4502d0_0]** 
- The leases include an expanded **92,000 square foot** agreement with an aircraft engine maintenance provider, which commenced in August 2025, and a new **72,000 square foot** lease with an Asian food products distributor, expected to commence in February 2026 and expire in June 2036.  **[1476150_02328614769148adbcb562c3fd4502d0_0]** 
- Building 32, which completed shell construction in January 2025, has a total expected investment of **$43.4 million** and an estimated stabilized cap rate of **6.0%**, with stabilization anticipated in the first quarter of 2026.  **[1476150_02328614769148adbcb562c3fd4502d0_0]** 
- Upon Building 32's stabilization, Countyline Corporate Park Phase IV will be **70% complete and stabilized**; the entire Phase IV project, totaling **2.2 million square feet** with an expected investment of **$511.5 million**, is anticipated to be completed in 2027.  **[1476150_02328614769148adbcb562c3fd4502d0_0]**

Terreno Realty (TRNO)