PDX ACTIVITY CENTER
Project Summary
date acquired
March 2023
location
Portland, OR
size
228,518
units
42
year built
1981
Investment Summary
BKM Capital Partners acquired PDX Activity Center (fka Airport Business Center) in March 2023. Located in Portland, OR, the 228,518-square-foot asset is an 11-building, 42-unit industrial park in the NE Columbia Corridor submarket.
The property has convenient access to regional, national, and international transport networks and is five minutes from the Portland International Airport (PDX). BKM enhanced the asset by addressing deferred maintenance and conducting a series of renovations, including speculative improvements to reduce office buildout, roof repairs, HVAC replacement, and parking improvements. BKM's in-house property management and leasing teams are working diligently to drive new leasing activity while maximizing asset performance.