• BKM Capital Partners

Multi-Use Logistics Rediscovered

JLL finds growing demand for sub-class, amidst competitive industrial landscape

With increased competition among investors for industrial product, JLL Capital Markets has found an important sub-class that is gaining investor interest – multi-use logistics, which are typically older multi-tenant assets with solid footprints within infill urban logistics markets that boast compelling rent growth profiles. These assets often contain distribution, flex showroom, industrial showroom, R&D, warehouse and/or manufacturing space and are between 20,000 and 100,000 square feet.

In a new report, JLL Research discusses the huge potential for this sub-class, which, in part, is attributed to:

  • Extremely limited inventory

  • Sale pricing at premiums

  • Tenant diversification

  • Localized/regional ownership

  • High barriers to investment entry

According to Senior Managing Director John Huguenard, Co-Head of JLL’s Industrial Capital Markets group, “The long-term outlook for multi-use logistics is strong, with clear industry momentum from ‘fabric of society’ tenants and growing investor demand for this sub-class. With new yield-focused investors entering into the industrial space, small bay product is desirable as an alternative to the ever-tightening bulk industrial market.”


You can view the full report here.


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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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