{"id":1004743069,"date":"2025-01-14T05:12:12","date_gmt":"2025-01-14T13:12:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004743069"},"modified":"2025-01-14T05:12:14","modified_gmt":"2025-01-14T13:12:14","slug":"bkm-capital-enters-texas-with-34m-industrial-buy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bkm-capital-enters-texas-with-34m-industrial-buy\/","title":{"rendered":"BKM Capital Enters Texas With $34M Industrial Buy"},"content":{"rendered":"
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\"Exterior<\/a>
West Belt Business Park includes five light industrial buildings that came online in 1978. Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n

BKM Capital Partners has acquired West Belt Business Park, a five-building industrial park totaling 260,887 square feet for $34.1 million in Houston\u2019s Westchase submarket. Longpoint Realty Partners sold the property, CommercialEdge shows.<\/p>\n\n\n\n

JLL negotiated on behalf of the seller while the buyer represented itself. The buyer secured a $27 million bridge loan originated by LoanCore Capital, with a maturity date set for 2027, according to Harris County public records.<\/p>\n\n\n\n

The industrial park last changed hands in 2021, when Longpoint Realty Partners picked it up from Triten Real Estate Partners.<\/p>\n\n\n\n

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READ ALSO<\/strong>: Top 5 Emerging Industrial Markets in 2024<\/a><\/p>\n\n\n\n

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The acquisition marks BKM Capital Partners\u2019 first investment in Texas, expanding its footprint to seven states in the Western region of the country. Dating back to 1978, West Belt Business Park includes five one-story buildings at 10611 and 10641 Harwin Drive. The approximately 15-acre asset is close to Interstate 69 and 26 miles from William P. Hobby Airport, while being 31 miles from George Bush Intercontinental Airport.<\/p>\n\n\n\n

The light industrial buildings include spec suites ranging from 770 square feet to 23,000 square feet and a total of 436 vehicle parking spots. BKM Capital Partners purchased the property at a 41 percent discount to replacement cost and plans to invest $3.3 million in capital improvements, such as roofing and architecture enhancements, or operational upgrades such as parking spaces, landscaping, signage and tenant upgrades, according to the company.<\/p>\n\n\n\n

Additionally, West Belt Business Park is fully leased with an average lease term of 2.9 years. Tenants at the industrial park include Witmart, Matrix Power Technologies, Great Plains Supply, Sifax Global and BuildStrong Academy, among others, according to CommercialEdge.<\/p>\n\n\n\n

JLL’s Senior Director Charlie Strauss, together with Director Lance Young and Capital Markets Analyst Clay Anderson represented the seller during negotiations.<\/p>\n\n\n\n

Recent industrial deals in the metro<\/h2>\n\n\n\n

Houston’s investment volume reached $2.8 billion year-to-date through November 2024, ranking third nationally, a recent CommercialEdge report<\/a> shows. Assets in the metro changed hands at an average sale price of $108 per square foot, making it one of the most affordable metros in the Southern area.<\/p>\n\n\n\n

Recent notable deals in the metro include Stonepeak’s $244 million acquisition<\/a> of a six-property logistics portfolio. Starwood Capital Group sold the 2.3 million-square-foot asset with facilities situated close to the Port of Houston.<\/p>\n\n\n\n

In October last year, MDH Partners purchased a 996,482-square-foot distribution center<\/a> in Baytown, Texas. Dubbed Cedar Port IKEA, the property includes two facilities fully occupied by Ikea and is part of Cedar Port Industrial Park, the largest master-planned industrial park in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

At the time of the deal, the five-building industrial park was fully leased.<\/p>\n","protected":false},"author":2991,"featured_media":1004743080,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21748,21783,21742,51973],"tags":[33648,32796,51923],"class_list":["post-1004743069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-houston","category-industrial","category-investment","category-latest","category-southwest","tag-bkm-capital-partners","tag-jll","tag-longpoint"],"acf":[],"yoast_head":"\nBKM Capital Enters Texas With $34M Industrial Buy - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"BKM Capital Partners has acquired a five-building industrial park totaling 260,887 square feet for $34.1 million in Houston.\" \/>\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-enters-texas-with-34m-industrial-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BKM Capital Enters Texas With $34M Industrial Buy\" \/>\n<meta property=\"og:description\" content=\"BKM Capital Partners has acquired a five-building industrial park totaling 260,887 square feet for $34.1 million in Houston.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-enters-texas-with-34m-industrial-buy\/\" \/>\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=\"2025-01-14T13:12:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-14T13:12:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/818015-e1736781419923.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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-enters-texas-with-34m-industrial-buy\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-enters-texas-with-34m-industrial-buy\/\",\"name\":\"BKM Capital Enters Texas With $34M Industrial Buy - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-enters-texas-with-34m-industrial-buy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-enters-texas-with-34m-industrial-buy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/818015-e1736781419923.jpg\",\"datePublished\":\"2025-01-14T13:12:12+00:00\",\"dateModified\":\"2025-01-14T13:12:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"BKM Capital Partners has acquired a five-building industrial park totaling 260,887 square feet for $34.1 million in Houston.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-enters-texas-with-34m-industrial-buy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-enters-texas-with-34m-industrial-buy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-enters-texas-with-34m-industrial-buy\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/818015-e1736781419923.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/818015-e1736781419923.jpg\",\"width\":1000,\"height\":750,\"caption\":\"Exterior shot of West Belt Business Park, an industrial park in Houston. 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