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BKM Adds Tempe (AZ) Commerce to Portfolio for $58M

BKM Capital Partners has made its single largest investment in the Phoenix area to date, spending $58 million to acquire the 535,979-square-foot Tempe Commerce Park. The five buildings at the intersection of Kyrene and Elliot Roads were sold by Core Fund Tempe Property LLC. The properties were developed from 1995-1997 and are 100% occupied.

Mark Detmer, Bo Mills, Dave Seeger and Steve Sayer of Jones Lang LaSalle’s Phoenix office brokered the transaction. INVESCO Realty Advisors of Dallas advised the seller.

During the past two years, BKM Capital has invested approximately $164.6 million to buy approximately 1.8 million square feet of office and industrial space in the Phoenix area. The company specializes in buying value-add properties in the Western United States, and would like to buy more in Phoenix.

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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. 

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BKM MANAGEMENT COMPANY

 

BKM Management Company manages a portfolio of 8.6 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 are managed in the most efficient way.

 

 

 

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