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BKM CAPITAL PARTNERS SNAPS UP PHOENIX INDUSTRIAL PORTFOLIO

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APRIL 2016 | Bisnow

Apr 07, 2016
Dees Stribling, Bisnow, National

BKM Capital Partners is betting on Phoenix—namely, the prospects for the industrial market. The company recently acquired the Rose Garden Business Park, Metro Industrial Center, and 4100 Broadway in Phoenix, as well as the Arizona Corporate Center in Chandler (pictured below), a total of 442k SF for more than $34M. The combined occupancy of the four assets is 69%, providing a strong opportunity for value creation, according to BKM Capital Partners director of acquisitions Brett Turner, who sourced this deal and previous ones.

The growing population of residents and employers points to an opportunity for active value creation over the next two to three years, explains BKM Capital Partners CEO Brian Malliet. “We were able to acquire the assets well below replacement costs and below historical peak pricing.” BKM bought the four assets in an off-market portfolio deal from a private LA-based owner.

BKM CAPITAL PARTNERS SNAPS UP PHOENIX INDUSTRIAL PORTFOLIO

APRIL 2016 | Bisnow
BKM Capital Partners is betting on Phoenix—namely, the prospects for the industrial market. The company recently acquired the Rose Garden Business Park, Metro Industrial Center, and 4100 Broadway in Phoenix, as well as the Arizona Corporate Center in …
Read more +

BKM Capital Partners Acquires Four Light Industrial Business Parks in Phoenix Metro for BKM Industrial Value Fund I

APRIL 2016 | Done Deals
BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant light industrial, has acquired four industrial business parks encompassing 442,173 square feet in the Phoenix metro area for a total consideration of $34.45 million…
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BKM Capital acquires four industrial business parks

APRIL 2016 | AZ Big Media
BKM Capital Partners, an institutional fund manager, acquired four industrial business parks encompassing 442,173 square feet in the Phoenix metro area for $34.45 million. BKM recently announced the final close of its debut institutional fund, BKM Industrial Value Fund I L.P., which now has more than $150 million in assets under management…
Read more +

BKM Capital acquires four industrial business parks

APRIL 2016 | Real Estate Investment Times
BKM Capital Partners has acquired four industrial business parks comprising 442,173 square feet of space, in the Phoenix metro area for $34.5 million. The properties include Rose Garden Business Park, Metro Industrial Center and 4100 Broadway in Phoenix. BKM also acquired the Arizona Corporate Center in Chandler, Arizona…
Read more +

BKM Capital Partners Acquires Four Light Industrial Business Parks in Phoenix Metro

APRIL 2016 | Commercial Executive Magazine
BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant light industrial, has acquired four industrial business parks encompassing 442,173 square feet in the Phoenix metro area for a total consideration of $34.45 million. The firm, which recently announced the final close of its debut institutional fund, BKM Industrial Value Fund I L.P., now has more than $150 million in assets under management…
Read more +

BKM Capital Partners Invests $34 Mil in Phoenix Industrial Assets

APRIL 2016 | RENTV
BKM Capital Partners picked up four industrial business parks encompassing 442.2k sf in the Phoenix metro area for a combined price of $34.45 mil ($78/sf). The firm, which recently announced the final close of its debut institutional fund, BKM Industrial Value Fund I L.P., now has more than $150 mil in assets under management…
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BKM closes debut fund at $105m

FEBRUARY 2016 | PERE
BKM Capital Partners has held a final close for its debut fund with $105 million in commitments, the firm said Friday…
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