BKM Expands Seattle-Area Footprint with Industrial Buy

The asset marks the firm’s 18th acquisition in its debut fund and was purchased for $19.8 million.

Andover Executive ParkAndover Executive Park

Tukwila, Wash.—BKM Capital Partners has purchased Andover Executive Park, an 11-building, multi-tenant industrial business park encompassing 181,163 square feet in the Kent submarket of Tukwila. The property was acquired in an off-market transaction for $19.8 million.

“Our hyper focus on multi-tenant light industrial product allows us to identify, source, and acquire properties that will ultimately deliver the best yields to our institutional investment partners (…), Based on this niche focus and our deep knowledge of the market, we were able to acquire the Andover Executive Park well below peak prices and replacement cost, providing a significant opportunity for generating a strong ROI.” Brian Malliet, CEO & co-founder of BKM Capital Partners, said in a prepared statement…

BKM Expands Seattle-Area Footprint with Industrial Buy

Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.