Koll Cotton Center Sold for $26 Million

Clarion Partners sold Koll Cotton Center at 4050 E. Cotton Center Blvd. in Phoenix on behalf of a commingled fund to BKM Capital Partners of Irvine, Calif., for $26 million. Brett Turner, director of acquisitions at BKM Capital Partners, was responsible for sourcing and acquiring the deal.Jones Lang LaSalle represented Clarion in the sale of this seven-building, 225,435-square-foot industrial business park that was 77 percent occupied at the time of sale. The business park is leased by 26 tenants in diverse industries, including telecommunications, construction, manufacturing, food service, business services, and healthcare, among others. BKM plans to implement interior improvements to the property, including a spec suite program for currently vacant space