AG真人官方

Terreno AG真人官方ty Corporation Announces Leases in Hialeah, FL

鈥� Countyline Building 32 100% leased

BELLEVUE, Wash.--(BUSINESS WIRE)-- Terreno AG真人官方ty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has leased 100% of Countyline Corporate Park Phase IV Building 32 in Hialeah, Florida. A previously announced ten-year lease for 82,000 square feet, with an aircraft engine maintenance, repair and overhaul provider has been expanded to 92,000 square feet, and commenced upon completion of tenant improvements in August 2025. In addition, Terreno AG真人官方ty Corporation has signed a lease for 72,000 square feet with a distributor of Asian food products that will commence upon completion of tenant improvements expected in February 2026 and expire in June 2036. Building 32 shell construction finished in January 2025 and stabilization is expected in the first quarter of 2026 upon completion of tenant improvements for the recently-executed lease. Building 32 of Terreno AG真人官方ty Corporation鈥檚 Countyline Corporate Park is a 164,000 square foot 36-foot clear height rear-load industrial distribution building on 8.3 acres with 53 dock-high and two grade-level loading positions and parking for 148 cars. The building is expected to achieve LEED certification, the total expected investment is $43.4 million and the estimated stabilized cap rate is 6.0%.

Stabilization of Building 32 in first quarter 2026 is expected to bring Countyline Corporate Park Phase IV to 70% complete and stabilized, 10% under construction (70% pre-leased) and 20% available for future development.

Countyline Corporate Park Phase IV consists of a 121-acre project entitled for 2.2 million square feet of industrial distribution buildings in Miami鈥檚 Countyline Corporate Park (鈥淐ountyline鈥�), immediately adjacent to Terreno AG真人官方ty Corporation鈥檚 seven buildings within Countyline (Countyline Corporate Park Phase III). Countyline is a landfill redevelopment adjacent to Florida鈥檚 Turnpike and the southern terminus of I-75 located at the intersection of NW 170th Street and NW 107th Avenue. At expected completion in 2027, Countyline Corporate Park Phase IV is expected to contain ten LEED-certified industrial distribution buildings totaling approximately 2.2 million square feet providing 660 dock-high and 22 grade-level loading positions and parking for 1,875 cars for a total expected investment of approximately $511.5 million.

Taken together, Terreno AG真人官方ty Corporation鈥檚 Countyline Corporate Park Phase III and IV will contain 17 industrial distribution buildings and 3.5 million square feet.

Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer鈥檚 due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.

Terreno AG真人官方ty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle and Washington, D.C.

Additional information about Terreno AG真人官方ty Corporation is available on the company鈥檚 web site at .

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management鈥檚 beliefs and on assumptions made by, and information currently available to, management. When used, the words 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥渕ight,鈥� 鈥減lan,鈥� 鈥減roject,鈥� 鈥渞esult,鈥� 鈥渟hould,鈥� 鈥渨ill,鈥� 鈥渟eek,鈥� 鈥渢arget,鈥� 鈥渟ee,鈥� 鈥渓ikely,鈥� 鈥減osition,鈥� 鈥渙pportunity,鈥� 鈥渙utlook,鈥� 鈥減otential,鈥� 鈥渆nthusiastic,鈥� 鈥渇uture鈥� and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2024 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

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Jaime Cannon

415-655-4580

Source: Terreno AG真人官方ty Corporation