MIAMI—The Executive Airport Business Center has a new owner.TPCH Broward, a joint venture betweenTriton Capital and CP HighlandsFund, both Chicago-based investment firms, acquired theoffice asset for $4.6 million.

CBRE represented the seller. CBRE'sScott O'Donnell, Miguel Alcivar,Peter Stevens, and JarredGoodstein collaborated with first vice presidentDominic Montazemi to ink the deal. JasonHochman of CBRE Debt & Structured Finance also workedon the transaction.

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

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