James O. Buckingham And Michael R. Haggerty Acquire Warehouses For $84.49M With Lender State Farm

The property asset involved in this transaction is an industrial asset located at 10165 Northwest 142nd Street & 9880 Northwest 25th Street in the Hialeah Gardens & Doral market. The sale price of the property is $84,490,000, encompassing a total square footage of 361,461 and a price per square foot of $234. The total acreage for this asset is 22.16 acres.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $84,490,000
• Buyer: James O. Buckingham & Michael R. Haggerty - TA Realty; Edward W. Easton - Easton Group
• Seller: Phil A. Belling - LBA Realty
• Lender: State Farm Mutual Automobile Insurance Co.

The transaction includes the acquisition of two warehouses, specifically the Northwest Dade Logistics Center II in Hialeah Gardens for $58.29 million and the Badia Distribution warehouse in Doral for $26.2 million. The Easton Group and TA Realty executed the deals representing a significant investment in Miami-Dade County.