BKM has renamed the asset "Montague Exchange" as part of its comprehensive capital improvement program.

Completed on behalf of BKM Industrial Value Fund III, the transaction involves 193,819 square feet of light industrial space across 43 units.

Completed on behalf of BKM Industrial Value Fund III, the transaction strengthens BKM’s presence in one of North America’s fastest-growing mega-regions.

The portfolio consists of three well-located assets in Phoenix and Tempe, each featuring flexible suite configurations and modern construction.

The portfolio features 364 units in 41 buildings that are collectively 89% occupied by a diverse array of tenants.

BKM has allocated $10.4 million toward capital improvements to execute its signature repositioning program across all seven properties.

The transaction advances BKM’s strategy to scale its platform nationally by targeting high-growth, supply-constrained markets.

The off-market transaction marks BKM’s second acquisition in Houston and expands its regional footprint to more than 500K SF across three assets.

The transaction marks a significant expansion of BKM's footprint in the Bay Area, one of the most supply-constrained markets in the country.

BKM plans to invest $1.3 million to reposition the property and drive tenant demand, including refreshed paint, signage, landscaping, and spec TI's.