Michael R. Haggerty & James Buckingham Of TA Realty Acquire Industrial Campus For $47.6M In Miami

The property asset involved in the transaction is a 178,521-square-foot industrial campus located at 7200 Northwest 25th Street in Miami, FL, encompassing 7.8 acres. The sale was executed for a total price of $47,600,000, resulting in a price per square foot of $267. The property consists of four buildings and was originally built in the 1970s, having changed ownership multiple times over the past decade.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $47,600,000
• Square Footage: 178,521 SF
• Price per Square Foot: $267
• Address: 7200 Northwest 25th Street
• Market: Miami, FL
• Acres: 7.8
• Buyer: Michael R. Haggerty & James Buckingham - TA Realty
• Seller: Jonathan Martin - AEW Capital Management

Michael R. Haggerty and James Buckingham of TA Realty have completed the repurchase of Webster Business Park from Jonathan Martin of AEW Capital Management. This acquisition represents an ongoing strategy by TA Realty to expand its industrial portfolio within the South Florida region, specifically targeting properties near Miami International Airport.