JV Completes Fourth Industrial Acquisition In 12 Months

January 24, 2018

BKM Capital Partners and Canyon Partners Real Estate have expanded their Bay Area industrial portfolio with the acquisition of two buildings at Bayside Business Park in Fremont. This purchase follows the JV’s acquisition of 12 adjacent multi-tenant buildings in November within the business park. The 14 buildings total over 352K SF.

 

This marks the fourth investment completed by BKM through its programmatic JV with Canyon Catalyst Fund, the CalPERS real estate emerging manager program managed by Canyon. This partnership targets multi-tenant industrial acquisitions. In addition to its assets at Bayside Business Park, the JV acquired Cabot Business Park in Hayward in 2017. The industrial portfolio has over 648K SF.

 

“As Silicon Valley continues to expand north into Fremont, the industrial market is uniquely positioned for companies seeking to serve the large corporate presence while providing convenient access to nearby workforce-housing communities,” BKM Capital Partners Director of Acquisitions Brett Turner said.

 

The two buildings are 100% leased, with one multi-tenant building averaging nearly 4K SF/tenant. The other building is occupied by BASF Corp., a German chemical company. A capital improvement plan will include upgrades to enhance the aesthetic of the portfolio.

 

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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 10.6 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 managed in the most efficient way.

 

 

 

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