LAS VEGAS, PHOENIX AND PORTLAND, ORE. – BKM Capital Partners has acquired three industrial parks out West for $42.8 million. The acquisitions were completed on behalf of BKM Industrial Value Fund I LP.
The transaction includes the 98,516-square-foot Hayden Island Business Park in Portland for $5.9 million; the 223,009-square-foot Patrick Commerce Center in Las Vegas for $15.1 million; and the 219,410-square-foot Black Canyon Business Park in Phoenix for $13.1 million.
These are the first three assets to be included in the commingled fund. BKM Industrial Value Fund LP intends to acquire about $300 million of industrial assets by the end of next year.
Irvine, Calif.-based BKM Capital Partners is a fund manager and operator platform targeting value-add, multi-tenant industrial real estate in the Western United States. It was formed in 2013 as the real estate branch of The Niru Group.