BKM Capital Partners (BKM), a vertically integrated institutional fund manager specializing in multitenant light industrial real estate, and Kayne Anderson Real Estate, the real estate investment arm of Kayne Anderson, have acquired PacTrust Business Center for $30 million. The transaction represents a 55 percent discount to replacement cost and strengthens the firm’s foothold in the Silicon Valley’s specialized industrial market.
Situated on 7.3 acres in the heart of North San Jose’s Golden Triangle area, PacTrust Business Center comprises 94,317 square feet across seven buildings. The industrial campus offers 38 units averaging 2,508 square feet, with heights ranging from 15.1 to 15.3 feet, 53 grade-level doors and parking for 285 vehicles. The property, which will be renamed Montague Exchange, is currently 96 percent leased to a diverse tenant roster anchored by engineering, manufacturing and technology users.
“With more than 20 million square feet converted
