Last-Mile Industrial Space Faces An Uncertain Decade

Online retail is addicted to speed, especially as Amazon ups the game to make same-day delivery seem normal. That puts the squeeze on everyone else to deliver faster, but it isn't clear yet how much more speed industrial real estate — existing and planned — can support in the decade ahead. "The rise of e-commerce over the past decade has increased demand for faster delivery options," New York-based Innovo Property Group CEO Andrew Chung said. Major retailers and their logistics partners are struggling to find the right approach to accelerated e-commerce. The existing stock of industrial properties, even in urban locations, poses a challenge for e-commerce because of its age. Redevelopment mi

BKM makes geographic diversification push for value-add fund

BKM Capital Partners, an institutional private equity real estate fund manager, is investing in value-added multi-tenant industrial assets across Western US metropolitan markets for its Industrial Value Fund II. “It’s a $400m fund that follows a similar strategy to the firm,” Brett Turner, BKM’s managing director of acquisitions, told REFI US. “Our markets are West of the Rockies including Denver and in the Pacific Northwest region.” Seattle The California-based manager recently completed a $30.45m off-market transaction to acquire West Valley Business Park, a 179-unit and 205,000-square-foot industrial property in greater Seattle. The asset is 92% leased to 164 tenants. The asset is located

BKM Expands Denver Portfolio

BKM Capital Partners has acquired Crossroads Distribution Center, a industrial property outside of Denver. The property features three single-story distribution warehouse buildings, totaling 150,245 square feet. The property traded hands in an off-market deal from KEW Realty for $14.75 million. The property offers BKM a unique opportunity to purchase an asset in a path of growth, with minimal competition; while 53% of all new industrial construction in the Denver market is occurring in the Airport submarket in which the property is situated, this development is focused on large-scale big-box distribution, which will not compete directly with Crossroads Business Center, Turner notes. #Havana3

BKM Capital partners acquires business park in Denver

BKM Capital Partners has acquired Crossroads Distribution Center, a 14-unit industrial asset consisting of three single-story distribution warehouse buildings totaling 150,245 square feet in the Central East I-70/Montbello submarket of Denver. BKM acquired the property from KEW Realty, a private local seller, in an off-market transaction for $14.75 million. “This was a rare opportunity to acquire a well-occupied industrial business park, strategically located in the most desirable and one of the fastest-growing industrial submarkets of Denver,” said Brett Turner, BKM Capital Partners managing director of acquisitions. “Vacancy in the Central East I-70/Montbello submarket is 2.4 percent, with

BKM Capital Partners Spends $14.75 Mil on Denver Distribution Complex

BKM Capital Partners has acquired Crossroads Distribution Center, a 14-unit industrial asset consisting of three single-story distribution warehouse buildings totaling 150.2k sf in the Central East I-70/Montbello submarket of Denver, CO. The property, located at 3700 Havana St, fetched $14.75 mil ($98/sf). Originally constructed in 1973, Crossroads Distribution Center is 90% leased to 12 tenants and features a mix of grade level, full-dock, and half-dock loading. The firm plans to rebrand the asset as Havana 37 Business Center and will invest approximately $1.2 mil in capital improvements to upgrade the roof, HVAC system, and parking lot. Crossroads Distribution Center is strategically loc

BKM Takes Ownership of Denver’s 150K-SF Crossroads Distribution Center

Institutional fund manager BKM Capital Partners is now the owner of Crossroads Distribution Center, a 14-unit, 150,245-square-foot distribution warehouse campus in Denver, CO’s Central East I-70/Montbello submarket. The Newport Beach, CA buyer acquired the asset from KEW Realty for $14.8 million in an off-market transaction. “This was an off-market transaction that resulted in a price agreement at a significant discount to replacement cost,” said BKM’s Brett Turner. “The acquisition price of $98-per-square-foot is a 13% discount to recent transactions in this submarket, and a 43% discount to the asking price for a nearby comparable property.” Originally constructed in 1973, Crossroads Distri

Denver Industrial Ramps Up With $15M Sale

BKM Capital Partners has purchased 3700 Havana St. for $14.75M, as out-of-state buyers continue to lean into Denver’s industrial market. The 14-unit, three single-story warehouses weigh in at more than 150K SF and were sold by KEW Realty Corp. Dubbed Crossroads Distribution Center, the property is 90% leased to a dozen tenants and is located in the thriving Central East I-70/Montbello submarket. BKM said in a statement it plans to rename the property the Havana 37 Business Center and will retrofit its interior infrastructure and existing parking lot. The deal was done off-market. #Havana37BusinessCenter #Denver #DenverRealEstate

BKM CAPITAL PARTNERS ACQUIRES 150,245 SQUARE-FOOT INDUSTRIAL BUSINESS PARK IN DENVER FOR $14.75 MIL

The property comprises three single-story distribution warehouse buildings located 25 minutes from Downtown Denver DENVER, Colo., (Oct. 14, 2019) – BKM Capital Partners, an institutional fund manager with a niche focus on value-add, light industrial multi-tenant investments, has acquired Crossroads Distribution Center, a 14-unit industrial asset consisting of three single-story distribution warehouse buildings totaling 150,245 square feet in the Central East I-70/Montbello submarket of Denver, Colorado. BKM acquired the property from KEW Realty, a private local seller, in an off-market transaction for $14.75 million. “This was a rare opportunity to acquire a well-occupied industrial business

BKM Capital Partners Acquires 150,245 Square-Foot Industrial Business Park in Denver for $14.75 Mill

BKM Capital Partners, an institutional fund manager with a niche focus on value-add, light industrial multi-tenant investments, has acquired Crossroads Distribution Center, a 14-unit industrial asset consisting of three single-story distribution warehouse buildings totaling 150,245 square feet in the Central East I-70/Montbello submarket of Denver, Colorado. BKM acquired the property from KEW Realty, a private local seller, in an off-market transaction for $14.75 million. “This was a rare opportunity to acquire a well-occupied industrial business park, strategically located in the most desirable and one of the fastest-growing industrial submarkets of Denver,” says BKM Capital Partners Managi

BKM Bags Kent Valley Industrial Park for $30M

Newport Beach, CA-based BKM Capital Partners acquired Seattle’s West Valley Business Park, an industrial asset consisting of 179 units in 19 buildings totaling 205,655 square feet in the Kent Valley submarket. The property at 19226 66th Ave. was divested by Entera Properties, in an off-market transaction for $30.45 million. “This was a rare opportunity to acquire a premier multi-tenant industrial park at 35% discount to value, located in Seattle’s highly sought-after Kent Valley industrial submarket,” says BKM Capital Partners’ Brett Turner. Originally constructed in 1982, West Valley Business Park is 92% leased to 164 tenants. The asset is strategically located south of the intersection of

BKM Capital Partners Acquires 205,655 Square-Foot Multi-Tenant Industrial Park in Greater Seattle, W

BKM Capital Partners, an institutional fund manager with a niche focus on value-add, light industrial multi-tenant investments, has acquired West Valley Business Park, an industrial asset consisting of 179 units in 19 buildings totaling 205,655 square feet in the Kent Valley submarket of greater Seattle, Washington. BKM acquired the property from seller, Entera Properties, in an off-market transaction for $30.45 million. “This was a rare opportunity to acquire a premier multi-tenant industrial park at 35% discount to value, located in seattle’s highly sought-after kent valley industrial submarket,” says bkm capital partners managing director of acquisitions, brett turner. “even with nearly 6

BKM Capital Partners Acquires 205,655 SF Industrial Park in Metro Seattle for $30.4M

KENT, WASH. — BKM Capital Partners has purchased West Valley Business Park, an industrial asset located at 19226 66th Ave. in Kent, approximately 13.5 miles from downtown Seattle. Entera Properties sold the park for $30.4 million in an off-market transaction. Totaling 205,655 square feet, the industrial park consists of 179 units in 19 buildings. Originally constructed in 1982, the property was 92 percent leased to 164 tenants at the time of sale. BKM plans to invest approximately $1.2 million in capital improvements to renovate and reposition the property. Both the seller and buyer were self-represented in the deal. #KentRealEstate #Kent #Seattle #WestValleyBusinessPark

BKM Capital Partners Makes $30 Mil Industrial Buy in Washington State

BKM Capital Partners has acquired West Valley Business Park, an industrial complex consisting of 179 units in 19 buildings totaling 205.7k sf in Seattle’s Kent Valley submarket. BKM acquired the property, located at 19226 66th Ave, from Entera Properties in an off-market transaction for $30.45 mil, or $148/sf. “This was a rare opportunity to acquire a premier multi-tenant industrial park at 35% discount to value, located in Seattle’s highly sought-after Kent Valley industrial submarket,” says BKM Capital Partners Managing Director of Acquisitions, Brett Turner. “Even with nearly 600k sf of new warehouse space recently delivered to this submarket, the industrial vacancy rate remains low at on

West Valley Business Park In Kent Sells For $30.45M

BKM Capital Partners is continuing its buying spree in the Puget Sound region, with the purchase of the West Valley Business Park in Kent. The firm bought the light industrial park for $30.45M in an off-market transaction with the seller, Entera Properties. Both parties represented themselves in the transaction. The light-industrial, multi-tenant 206K SF business park includes 179 units in 19 buildings. BKM has been tracking this property and communicating with its ownership for years, the company said. The business park, which was constructed in 1982, is 92% leased to 164 tenants. The current rents are well below market. BKM plans to invest $1.2M in capital improvements to renovate the prop

BKM CAPITAL PARTNERS ACQUIRES 205,655 SQUARE-FOOT MULTI-TENANT INDUSTRIAL PARK IN GREATER SEATTLE,

BKM Capital Partners, an institutional fund manager with a niche focus on value-add, light industrial multi-tenant investments, has acquired West Valley Business Park, an industrial asset consisting of 179 units in 19 buildings totaling 205,655 square feet in the Kent Valley submarket of greater Seattle, Washington. BKM acquired the property from seller, Entera Properties, in an off-market transaction for $30.45 million. “This was a rare opportunity to acquire a premier multi-tenant industrial park at 35% discount to value, located in Seattle’s highly sought-after Kent Valley industrial submarket,” says BKM Capital Partners Managing Director of Acquisitions, Brett Turner. “Even with nearly 6

BKM Capital Partners acquires industrial park for $30m

BKM Capital Partners has acquired West Valley Business Park, an industrial asset consisting of 179 units in 19 buildings totaling 205,655 square feet in the Kent Valley submarket of greater Seattle. BKM acquired the property from Entera Properties in an off-market transaction for $30.45 million. “This was a rare opportunity to acquire a premier multi-tenant industrial park at 35 percent discount to value, located in Seattle’s highly sought-after Kent Valley industrial submarket,” said Brett Turner, BKM Capital Partners managing director of acquisitions. “Even with nearly 600,000 square feet of new warehouse space recently delivered to this submarket, the industrial vacancy rate remains low a

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BKM CAPITAL PARTNERS

 

Headquartered in Newport Beach, California, BKM Capital Partners is a real estate fund manager specializing in the acquisition and improvement of value-add multi-tenant industrial properties in metro areas across the Western U.S. Combining a deep knowledge of this niche industrial product type with in-house capabilities including on-site property management, asset management, and leasing to reposition and institutionalize light industrial assets, the firm continues to build on its proven track record, generating strong results with high levels of transparency and engagement for investors. 

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BKM MANAGEMENT COMPANY

 

BKM Management Company manages a portfolio of 8.7 million square feet of multi-tenant industrial properties for BKM Capital Partner’s private and institutional investors. With a focus on “boots on the ground” execution at the property level, BKM has in-house capabilities for both property management and leasing. The teams at the property level are focused on ensuring the tenants thrive and that the properties managed in the most efficient way.

 

 

 

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