{"id":1004387843,"date":"2020-02-04T05:45:53","date_gmt":"2020-02-04T13:45:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004387843"},"modified":"2020-02-04T09:14:57","modified_gmt":"2020-02-04T17:14:57","slug":"bkm-capital-buys-425m-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bkm-capital-buys-425m-industrial-portfolio\/","title":{"rendered":"BKM Capital Partners Buys $425M Industrial Portfolio"},"content":{"rendered":"
\"\"<\/a>

Spectrum Centre Business Park in Lake Forest, Calif. Image courtesy of BKM Capital Partners<\/i><\/p><\/div>\n

Institutional fund manager BKM Capital Partners has acquired an 11-property industrial portfolio across Arizona, California and Portland for $425.4 million, in one of the year’s first large industrial deals.<\/p>\n

Newport Beach, Calif.-based BKM has picked up eight of the assets through its BKM Industrial Value Fund II and the other three assets in partnership with the Canyon Catalyst Fund, a vehicle of the California Public Employees\u2019 Retirement System (CalPERS) managed by Canyon Partners Real Estate.<\/p>\n

\n

READ ALSO:<\/strong> BKM Capital Partners Hits Milestone With $111M Las Vegas Buy<\/a><\/p>\n

\n

The transaction for the nearly 2.7 million square foot portfolio comes after BKM Capital Partners closed its second industrial value fund<\/a> with $382 million in equity commitments last May.<\/p>\n

BKM and Canyon Catalyst Fund have worked together before. In January 2018, the joint venture closed on the purchase<\/a> of the 14-building, 352,280-square-foot Bayside Business Park in Fremont, Calif.<\/p>\n

Growing in the Southwest, West Coast<\/h2>\n

The newly acquired collection of properties spans 493 units and is nearly 90 percent occupied across four markets. As part of the deal, BKM acquired a $157.5 million trove of four properties in the Phoenix area including:<\/p>\n

    \n
  • Magnolia (35,385 square feet) at 2655 Magnolia St. in Phoenix<\/li>\n
  • Hohokam 10E (82 units) along South 48th<\/sup> Street, 12th Street, and South Park Lane in Tempe<\/li>\n
  • Broadwood (four buildings, 34 units) at 2450-2452 W. Broadway Road in Mesa<\/li>\n
  • Broadway 101 Commerce Park (55 units) at W. Broadway Road, Mesa<\/li>\n<\/ul>\n

    The firm also purchased $124.2 million of properties in Northern California, including:<\/p>\n

      \n
    • Bradshaw (33 units) at 9828, 9912, 9940, and 9960 Business Park Drive in Sacramento<\/li>\n
    • Horn Road (48 units) at 9901-9981 Horn Road in Sacramento<\/li>\n
    • Concord Business Park (27 units) at 5600, 5650, 5700, and 5750 Imhoff Drive and 1590 Solano Way in Concord<\/li>\n
    • Sierra Trinity Business Park (53 units) at 6701 Sierra Court in Dublin<\/li>\n<\/ul>\n

      In Southern California\u2019s Orange County and Northern San Diego County, BKM added two sizeable multi-tenant properties to its platform for $101.3 million:<\/p>\n

        \n
      • Spectrum Centre Business Park (73 units) at 20918 Bake Parkway in Lake Forest<\/li>\n
      • Vista Tech Center (54 units) at 1483-1499 Poinsettia Ave. in Vista<\/li>\n<\/ul>\n

        Finally, in the Pacific Northwest, BKM acquired Park 217, a $42.4 million business park at the intersection of Southwest Pacific Coast Highway and Southwest Garden Place in Tigard, Ore.<\/p>\n","protected":false},"excerpt":{"rendered":"

        The institutional fund manager teamed up with Canyon Catalyst Fund for part of the 11-property purchase.<\/p>\n","protected":false},"author":744,"featured_media":1004387852,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21748,21783,23891,21742],"tags":[33648,37709,36998],"class_list":["post-1004387843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-industrial","category-investment","category-national","category-latest","tag-bkm-capital-partners","tag-calpers","tag-canyon-partners-real-estate-llc"],"acf":[],"yoast_head":"\nBKM Capital Partners Buys $425M Industrial Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-buys-425m-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BKM Capital Partners Buys $425M Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"The institutional fund manager teamed up with Canyon Catalyst Fund for part of the 11-property purchase.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-buys-425m-industrial-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-04T13:45:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-04T17:14:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Spectrum-Center_featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"621\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Isaacson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-buys-425m-industrial-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-buys-425m-industrial-portfolio\/\",\"name\":\"BKM Capital Partners Buys $425M Industrial Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-buys-425m-industrial-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-buys-425m-industrial-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Spectrum-Center_featured.jpg\",\"datePublished\":\"2020-02-04T13:45:53+00:00\",\"dateModified\":\"2020-02-04T17:14:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1a92010198045e41b0b801129a41b3d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-buys-425m-industrial-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-buys-425m-industrial-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-buys-425m-industrial-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Spectrum-Center_featured.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Spectrum-Center_featured.jpg\",\"width\":800,\"height\":621,\"caption\":\"Spectrum Centre Business Park in Lake Forest, Calif. 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