MIAMI—Miami Lakes Research & Industrial Park, an eight-building R&D manufacturing campus located at 14400–14560 NW 60th Avenue, is returning to its origina owner. The project’s developer just bought the industrial asset back for $14.3 million.

The Graham Companies bought the 290,529-square-foot campus from MCP EWE LLC—a joint venture between The Easton Group and Marcus Partners—for $49 per square foot. CBRE represented the seller.

“The Graham Companies developed this property in the 1970s and is also the master developer of Miami Lakes,” Miguel Alcivar, an associate in CBRE’s Private Capital Group, tells GlobeSt.com. “This was an opportunity to make an investment in a property they were familiar with that had a life sciences tenant. Life sciences is an industry Graham has supported in Miami Lakes and as a result there’s a cluster of life sciences companies there.”