- Terreno Realty ( NYSE: TRNO ) acquired an industrial property in Hialeah, Florida for a purchase price of ~$173.6M.
- The property consists of industrial distribution buildings in Miami's Countyline Corporate Park, immediately adjacent to Terreno's seven fully-leased buildings within Countyline.
- The estimated stabilized cap rate of the two buildings under construction is 5.0% and of the eight buildings to be constructed is 6.0%.
- The project is expected to be completed in 2025 and will have an total expected investment of ~$491.4M.
For further details see:
Terreno Realty acquires property for $173.6M