James O. Buckingham And Michael R. Haggerty Of TA Realty Acquire 43.8 Acre Development Site For $105.7M

This transaction involves the sale of a 43.8-acre industrial development site located at 12691 & 12705 Northwest 42nd Avenue in Opa-Locka. The seller, Blackstone, completed the sale to TA Realty for a total of $105,700,000. The site has been approved for a development of 741,837 square feet across six buildings.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $105,700,000
• Buyer: James O. Buckingham & Michael R. Haggerty - TA Realty
• Seller: Stephen A. Schwarzman - Blackstone
• Approved Square Footage: 741,837
• Market: Opa Locka
• Price Per Square Foot: $142
• Acreage: 43.8

The deal represents the second phase of the Ironwood Commerce Center, which follows TA Realty’s earlier acquisition of the first phase for $160,000,000 in December. The individuals involved in this transaction are significant players in the real estate sector, showcasing their ongoing investment in industrial development.