MIAMI—The Executive Airport Business Center has a new owner. TPCH Broward, a joint venture between Triton Capital and CP Highlands Fund, both Chicago-based investment firms, acquired the office asset for $4.6 million.

CBRE represented the seller. CBRE's Scott O'Donnell, Miguel Alcivar, Peter Stevens, and Jarred Goodstein collaborated with first vice president Dominic Montazemi to ink the deal. Jason Hochman of CBRE Debt & Structured Finance also worked on the transaction.

“Within the Commercial Boulevard office submarket, this property has perennially out-performed the broader office submarket,” O'Donnell tells GlobeSt.com. “The investors recognized that this asset has always been well-received by the leasing community because the unit sizes are well-aligned with tenant demand in that market. The investor intends to inject fresh capital to upgrade the property in order to command premium rents.”