MIAMI—Lauderdale Marine Center, the largest yacht repair facility and marina in the US, just traded hands. A division of Carlyle Group, a global asset management firm based in Washington DC, acquired the asset.

HFF procured the acquisition financing for the transaction with two local bank lenders. Financial terms of the deal were not disclosed. But published reports estimate the transaction is valued at about $145 million.

“Lauderdale Marine Center is a valuable investment opportunity not only because of the scarcity of available waterfront land in South Florida, but also because it has a strong repeat customer base of mega yacht owners,” says Stiles Realty broker associate Julie Fisher-Berry, who represented the sellers, Selvin Passen and business partner Morio Mito. There was no other broker in the transaction.