BKM Capital Partners Secures 29 Leases

18 August 2015 | Las Vegas
Reporter: Becky Butcher

 

 

BKM Capital Partners has secured 29 leases in three of its Las Vegas industrial assets.
The assets include sixteen leases in Patrick Commerce Center, one in the Cheyenne Technology Center and ten leases in Wind River Industrial Complex.

 

The Patrick Commerce Center, a 223,009 square-foot industrial business park, totalled 119,172 square feet in leases. A lease in excess of $4.2 million has resulted from these efforts.

 

The six-building multi-tenant industrial park, Cheyenne Technology Center, totalling 172,329 square feet was acquired as a stabilised, cash-flow investment.

 

BKM has secured 10 leases for the Wind River Industrial Complex since its acquisition, encompassing 61,175 square feet within the property, and bringing the asset from 71-percent occupied, up to 95-percent occupied within nine months.

 

Matthew Stephenson, director of asset management for BKM Capital Partners, commented: “The Las Vegas industrial market has leapt into action, and our investors are reaping the benefits.”

“When we acquired these assets in 2014, the industrial vacancy rate was approximately 11 percent. At the time, we recognised the potential in the market, and we anticipated that vacancy would tighten rapidly.”

 

“By leveraging this market momentum and implementing strategic improvements through aggressive and attentive management in these three properties, we have been successful in attracting tenants that have contributed to rapid growth in value.”

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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. 

Learn more about BKM Capital Partners »

BKM MANAGEMENT COMPANY

 

BKM Management Company manages a portfolio of 8.2 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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Phone: 949.566.8800

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