BKM Capital Partners acquires eight-building portfolio in Washington

BKM Capital Partners, an institutional fund manager with a niche focus on value-add, light industrial, multitenant investments, has acquired a two-property portfolio consisting of eight buildings in Federal Way, Wash.

The firm paid $14.7 million in an off-market transaction for the 133,595-square-foot portfolio.

“This was a rare opportunity to acquire two highly functional business parks strategically located in metro Seattle’s tightest industrial submarket,” said Brett Turner, managing director of acquisitions at BKM. “With current occupancy at 75 percent and fundamentals that are poised to drive new industrial users to the market, there is a clear opportunity to build value in these assets.”

The multitenant Federal Way Industrial Portfolio is strat