• BKM Capital Partners

Newport Beach firm makes its second Denver property purchase for $24.3M

A five-building industrial property in Denver called Valley Business Center was purchased by BKM Capital Partners for $24.3 million.

The Newport Beach, California-based institutional fund manager specializes in acquiring and improving multi-tenant industrial properties. It was sold by Mountain West Industrial Properties.

Murray Platt, Doug Viseur, and Daniel Close of CBRE represented it in the transaction. BKM represented itself.

The industrial property, located at 700 W. Mississippi Ave., is 100 percent occupied and has 20 tenants including FedEx, Colorado Lottery, Black and Decker and Municipal Energy Systems.

It was constructed in 1983 and according to Brett Turner, Managing Director of Acquisitions at BKM, it lacks key cosmetic upgrades and modernization. Because of that, BKM acquired the asset below replacement cost, Turner said in a press release. BKM will implement a series of upgrades to the property, including modernizing the building facades, landscaping and new signage.

Brian Malliet, CEO and co-founder of BKM, said the property's position between downtown Denver , Cherry Creek and the Denver Tech Center will allow it to benefit from ongoing growth in the region.

This is BKM's second acquisition in Denver. Last March, it purchased a 215,000 square-foot multi-tenant business park in southeast Denver for $20.2 million. Malliet said in the press release that BKM will continue to "seek out opportunities" in the region.

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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 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.




Learn more about BKM Management Company »