The property consists of three 36-foot clear height rear-load industrial distribution buildings containing approximately 495,000 square feet on 23.4 acres.
Terreno Realty Corp. intends to further expand at Countyline Corporate Park, a 620-acre master-planned industrial campus developed by Florida East Coast Industries in Hialeah. According to a Securities and Exchange Commission Filing from February 9, Terreno plans to pay $173.6 million for a 121-acre site within the Hialeah industrial park where a 2.2 million-square-foot campus is envisioned.
Industrial real estate acquirer, owner and operator Terreno Realty Corp. has acquired an industrial property in Hialeah for $73.2 million, net of free-rent credits. The property comprises two recently-developed rear-load industrial distribution buildings, which total 407,000 square feet.
Transwestern’s Senior Managing Directors Ben Eisenberg and Walter Byrd, Managing Director Thomas Kresse, and Vice President Carlos Gaviria facilitated the transaction on behalf of Terreno Realty Corp., which the team also represented during the asset acquisition in December 2016.
The property consists of one industrial distribution building containing approximately 38,000 square feet on 3.3 acres at 1480 NW 94th Avenue in Miami’s Airport West submarket. CLICK ON THE HEADLINE FOR MORE