BKM Expands Denver Portfolio
BKM Capital Partners has acquired Crossroads Distribution Center, a industrial property outside of Denver. The property features three single-story distribution warehouse buildings, totaling 150,245 square feet.
The property traded hands in an off-market deal from KEW Realty for $14.75 million.
The property offers BKM a unique opportunity to purchase an asset in a path of growth, with minimal competition; while 53% of all new industrial construction in the Denver market is occurring in the Airport submarket in which the property is situated, this development is focused on large-scale big-box distribution, which will not compete directly with Crossroads Business Center, Turner notes.