Terreno announced that it has completed the development and stabilization of Countyline Corporate Park Phase IV Building 39 that is 100% leased to one tenant. At expected completion in 2027, Countyline Phase IV is expected to contain ten LEED-certified industrial distribution buildings totaling approximately 2.2 million square feet.
The properties last sold seven years ago.
Bridge is on track to deliver the LEED-certified 326,000-square-foot logistics complex in the third quarter of 2025.
The 7.3% year-over-year increase is good news for landlords that have been coping with a supply surge, but the overall industrial market is still down from its record highs in 2022.
According to a new research study, the light industrial subsector demonstrates particular resilience even during turbulent times, especially when compared with other property types, including larger industrial assets.