The park features 18-foot-clear heights, five truck wells, 10’ x 12’ grade-level doors, and 243 parking spaces.

This milestone has been marked by the recent acquisition of Ash Business Center, an 89,728 SF small-bay industrial facility in Tempe, AZ.

In an uncertain market, BKM’s activity demonstrates the firm’s ability to capture impressive value in the light industrial sector.

Transaction Launches Joint Venture with New Institutional Partner.

The publication selects the top individuals, teams, and organizations driving change in the ever-dynamic industrial sector.

Once overshadowed by its modern counterparts, multitenant industrial assets are capturing the attention of investors and tenants alike.

Despite the “bigger is better” mentality among industrial developers, more investors and tenants are increasingly starting to think small. 

The 153,368-square-foot small-bay property will be upgraded and rebranded as Skyport Industrial Park.

Multi-tenant light industrial has strong fundamentals and will remain solid in a supply-constrained environment, according to BKM research.

As CRE prices and financing activity fall, the light industrial sector continues to remain insulated from inflationary pressures.