CB Richard Ellis has received the investment sales assignmentfrom the owner, a pension fund. Jack Fraker, executive vicepresident of CB Richard Ellis' Investment Properties InvestmentGroup, Randy Baird, senior vice president, and John Robinson, firstvice president, are representing Heitman Capital Management, aglobal asset management company that is the pension fund owner'sadviser. There are a number of different participants in thefund.

The fund had a 10-year life, and it's been about 10 years sinceit purchased the property. "So the original business plan was tobuy it, enhance the value, grow the tenants, grow the rents andsell it about 10 years later," says Fraker.

Approximately 275 tenants are located at the business park,including some national but mostly smaller businesses "that areinterested in the close proximity to the airport and also the portof Miami," Fraker says. Tenants include New York StockExchange-traded companies, foreign companies and privatebusinesses. The park has a "very diversified" tenant mix, Frakersays.