BKM Capital Partners acquires 740,000sf small-bay light industrial portfolio
BKM Capital Partners has executed a significant small-bay industrial portfolio acquisition, further expanding a partnership with a global alternative investment firm. The transaction involves a seven-property, 21-building light industrial portfolio in Las Vegas adjacent to the Las Vegas Strip and Las Vegas International Airport. The portfolio was acquired from Terry York Properties and Heller Cos. BKM represented itself in the transaction.
The portfolio comprises 740,000 square feet of space, 240 units and is nearly 98 percent occupied. The acquisition increases BKM’s current holdings in the Las Vegas market to more than 2.3 million square feet.
“This acquisition reflects our shared understanding of the compelling merits of the light industrial asset class,” said Brian Malliet, founder and CEO at BKM Capital Partners. “We see an opportunity to capture value through this rare, off-market acquisition. BKM continues to expand our footprint in key western U.S. mark