• Denver Business Journal

Industrial business park in southeast metro Denver sells for $20 million

Inverness Business Park has sold for $20.2 million to BKM Capital Partners, a Newport Beach-based fund manager.

The 215,000-square-foot multi-tenant business park is located at 14 Inverness Drive East, northeast of Interstate 25 and East County Line Road. It has eight industrial buildings.

BKM is planning $2 million in upgrades, including a rebranding to reintroduce the business park to the market, cosmetic upgrades and improved parking surfaces.

This is BKM's first acquisition in Denver.

"Denver is a dynamic market with strong fundamentals and tremendous growth potential," said Brian Malliet, CEO. "The property is situated in the affluent area of Englewood, within the Southeast submarket, which is the largest in the Denver metro area. This provides access to a strong base of potential tenants in various business sectors."

The park, 91 percent occupied, is anchored by Boeing and Comcast. It has 86 tenants.

"This acquisition is well-aligned with our ongoing investment strategy, which is to identify extremely well-located, institutional quality industrial assets with a value-add opportunity," said Malliet.

The property has the same name as an office park in Greenwood Village, which is also called Inverness Business Park.

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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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