Terreno Realty Corporation has signed a 117,000‑square‑foot industrial lease in Doral, Florida, with an international freight forwarder and customs‑brokerage provider. The lease begins on December 31, 2025 and runs through December 2036, giving the company an 11‑year, long‑term commitment in a key Miami‑area submarket.
The Doral location is strategically valuable because it sits near major shipping lanes and inland freight corridors, positioning the tenant to serve last‑mile distribution needs that are growing in the region. By adding a tenant that provides customs brokerage and inland transportation services, Terreno diversifies its tenant mix and strengthens its foothold in a market that has seen robust demand for high‑quality industrial space.
This lease adds incremental revenue and occupancy to Terreno’s portfolio, reinforcing the company’s strategy of acquiring and leasing high‑quality assets in supply‑constrained coastal submarkets. The long‑term nature of the agreement provides predictable cash flow and portfolio stability, while the tenant’s service mix aligns with the company’s focus on infill locations that support e‑commerce and logistics growth.
Terreno’s Q3 2025 earnings report, released earlier in the year, showed a revenue beat and an EPS beat, underscoring the company’s strong operational execution. The new lease complements that performance by adding a stable, long‑term tenant that will contribute to the company’s growth trajectory and support its ongoing portfolio expansion in high‑margin, infill locations.
Overall, the Doral lease strengthens Terreno’s position in a high‑demand coastal market, enhances its tenant diversification, and provides a reliable source of cash flow that aligns with the company’s long‑term investment horizon.
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