The buyer was RREEF, the real estate investment management business of Deutsche Bank's asset management division. The sale closed about two weeks ago. RREEF purchased the buildings on behalf of an institutional client.

There is a contract on the other two buildings at the Weston Business Center which is scheduled to close sometime in June, according to a source who wants to remain anonymous

"In the last two years, prices in the industrial market have been terrible," says Michael Silver, first vice president at CB Richard Ellis in Miami. "But because of the quality of the buildings and tenants, (IDI) thought that a sale could generate a big number, which it did," he says. "Most of leases at the park are long-term and are with high credit tenants. We haven't seen this type of sale in the last couple of years," says Silver. "Everyone in the country is talking about it."

The Weston Business Center is 100% leased, says Larry Dinner, vice president of leasing at the park, who says that RREEF purchased the 225,000-square foot American Express building; the Anda pharmaceutical building with 150,000 square feet; the 180,000-square foot Office Depot facility, and building D, a 120,000-square-foot multi-tenant facility.

The Weston Business Center was built between 1998 and 2001 by IDI. Almost 20% of the park is office space.