Marcus Partners Fund I sells Miami Lakes Research and Industrial Park in Miami Lakes, FL

The Miami Lakes Research & Industrial Park was recently sold to the Graham Companies for $14.3 million, or $49 per square foot.

The bio-medical device company HeartWare currently occupies 45% of the eight-building, 290,529-square-foot campus, which is located at 14400–14560 Northwest 60th Avenue. “The Graham Companies’ inherent ties to the asset and experience with life sciences companies made them the most logical buyer,” said Miguel Alcivar of CBRE’s Private Capital Group. Marcus Partners was represented by Alcivar, Christian Lee, CBRE vice chairman, and Scott O’Donnell, CBRE senior vice president.

The recent sale falls on the heels of the partial prior sale of 103,471 square feet at the property to a user in August 2011 for $44 per square foot.

June 2012