BKM Capital Partners Buys Koll Cotton Center in Phoenix for $26M

October 23, 2015

INDUSTRIAL VALUE-ADDS IN DEMAND Phoenix Industrial

 

Industrial value-adds are in demand in Phoenix. Recently BKM Capital Partners, an institutional fund manager whose niche is value-add industrial properties, acquired the 225k SF Koll Cotton Center in Phoenix for $26M. Clarion Partners was the seller.

 

BKM director of acquisitions Brett Turner, who sourced the deal, tells us the company hopes to build a long-term relationship with Clarion, “as they control many assets in our target geography.” BKM plans interior improvements to the property, including a spec suite program for currently vacant space that will modernize the asset. Koll Cotton is 77% occupied.

 

“By updating the asset, we’ll be able to leverage its performance potential, ultimately rolling tenants to a market rate rent,” explains BKM CEO Brian Malliet. JLL’s Mark Detmer and Bo Mills repped Clarion.

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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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