BKM Capital Partners Extends Broward County Footprint with $33 Million Pompano Beach Purchase

Firm’s Florida holdings reach more than 1.4 million square feet with its third South Florida acquisition

Pompano Beach, FL — November 9, 2026 — BKM Capital Partners, the leading institutional fund manager and operator focused on small- and mid-bay light industrial properties, has acquired Park Central Distribution, a 114,000-square-foot business park in Pompano Beach, Florida, for $33 million. The property was acquired on behalf of BKM Industrial Value Fund III. The transaction brings the firm’s Florida footprint to more than 1.4 million square feet less than 18 months after its statewide debut.

Park Central Distribution comprises 19 suites averaging approximately 6,000 square feet across three buildings. The property is 95% occupied, with a tenant base led by healthcare users and rounded out by technology, distribution, manufacturing and service businesses.

“It’s no accident that healthcare is our largest tenant group,” said Brett Turner, Partner and Chief Investment Officer at BKM. “A specialty pharmacy or a testing lab needs more finished space than a typical warehouse user. Most small-bay product in Pompano carries 10% to 20% office, and Park Central Distribution has considerably more. We’ll bring the office share down where a suite has more than its occupant needs and keep it where tenants are paying for it. What the park hasn’t had is an identity separate from the larger business park around it, and that’s what our exterior program is for.”

Turner and Max Stone, BKM’s Associate Director of Acquisitions and Dispositions, negotiated the purchase directly with the seller, MIG Real Estate, drawing on an existing relationship to secure the property. Cody Brais, Managing Director with JLL Capital Markets, advised MIG in the deal.

Built in 1985, Park Central Distribution features 16- to 20-foot clear heights, 10 dock-high doors and 22 grade-level doors. Its concrete tilt-wall buildings are rear-loaded, keeping truck traffic behind the office frontage.

BKM, which will rename the property Lighthouse Industrial Park, intends to implement a capital improvement plan that includes upgrades to the roof, HVAC and parking lot, along with new paint, landscaping and signage. Within the buildings, the firm will reduce office buildout and subdivide select suites as leases roll, and fold roughly 900 square feet of unused space into an adjacent unit.

Situated between Fort Lauderdale and Boca Raton at 3600 Park Central Boulevard North, Park Central Distribution is about four minutes from I-95 and six from Florida’s Turnpike, allowing tenants to serve customers throughout Broward and Palm Beach counties. Some 6.7 million people live within a 90-minute drive, and Fort Lauderdale-Hollywood International Airport and Port Everglades are each approximately 25 minutes away.

“Pompano Beach is a large industrial market, but tenants seeking small-bay space don’t have too many options,” said Brian Malliet, BKM’s Founder and Chief Executive Officer. “For an HVAC contractor or a restoration company that needs some office, a loading door and a short drive to its customers, the usable inventory is much smaller than the headline numbers suggest, and it’s close to full. That’s the kind of space we’ve been buying across Florida, and it’s where we expect demand to hold up best.”

Park Central Distribution is BKM’s fourth Florida acquisition in six weeks, following Aero Business Park, Stirling Landing and a four-property Central Orlando portfolio. Including the Gridline Orlando portfolio, which marked BKM’s entry into Florida in June 2025, the firm has acquired more than $300 million of industrial property in infill markets across Central and South Florida.

Broward County’s largest industrial submarket, Pompano Beach led the county in leasing in the second quarter of 2026 with 443,000 square feet. Its smaller buildings continue to outperform the broader submarket on occupancy: according to data from CoStar and CBRE, vacancy among buildings smaller than 50,000 square feet stood at 4.6% in the quarter, half the submarket’s overall rate of 9.2%. Countywide, industrial asking rents have nearly doubled since 2019.