The Easton Group nabbed a northwest Miami-Dade warehouse, beefing up its South Florida industrial portfolio.
An Easton affiliate paid $14.3 million for the 76,000-square-foot building at 3121 Northwest 125th Street, records show. The deal breaks down to $188 a square foot.
The Easton Group and LBA Logistics are partnering on their third South Florida real estate deal with acquisition of a 26.44-acre development site in Hialeah.
The joint venture paid $29.4 million for the land located 4220 West 91st Place. The transaction closed Friday, February 4.
Easton has submitted plans to the city to build two spec warehouse/distribution facilities totaling 462, 954 square feet. Each will have 36-foot clear heights. The site plan also calls for 124 trailer stalls and 407 parking spaces.
The Easton Group has joint ventured with Irvine, California-based LBA Logistics to acquire a 105,365 square-foot warehouse in Doral for $19.5 million.
The transaction closed August 27.
