Blake Baird Of Terreno Realty Corporation Leases 220000 SF Industrial Space In Hialeah To National Tire Distributor

The asset involved in this transaction is an industrial property located at Northwest 170th Street & Northwest 107th Avenue in Hialeah. The property spans 220,000 square feet and is part of a larger development in Countyline Corporate Park Phase IV. This lease agreement anticipates a total investment of $51.3 million for the LEED-targeted building, with a projected stabilized cap rate of 6.0%.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $51.3 million
• Lease Size: 220,000 SF
• Address: Northwest 170th Street & Northwest 107th Avenue
• Market: Hialeah
• Landlord: Blake Baird - Terreno Realty Corporation
• Tenant: National tire distributor
• Delivery Date: Q4 2026
• Lease Expiration: July 2032
• Total Investment for Countyline Corporate Park Phase IV: $508.5 million
• Footprint for Phase III and IV: 3.5 million SF across 17 buildings

This lease was facilitated by Blake Baird of Terreno Realty Corporation, who is acting as the landlord in this transaction. The deal marks a pre-lease agreement that positions the property for future occupancy by a reputable national tire distributor, indicating a strategic partnership in the industrial real estate sector.