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BKM Capital Partners Acquires 450K SF Portland Industrial Park
BKM Capital Partners, an institutional fund manager, has acquired the 217 Distribution Center, a five-building, multi-tenant industrial park in metro Portland. An investor sold the 451,062-square-foot asset for $67 million.
Situated at 10950-11065 SW 11th Street in Beaverton, the property is comprised of 13 units. BKM plans to invest nearly $4 million in capital improvements, including upgrades to roofs, parking lots, landscaping and HVAC systems. The complex is currently 100% leased to mostly credit tenants, including Nike, Rexel, Blue Ocean Logistics, and the Beaverton Police Department.
With high visibility along Highway 217 and quick access to the entire Portland Metro and broader Pacific Northwest, the asset caters to regional and national logistics-focused tenants. The transaction also caps off a year of significant activity for BKM, which acquired 14 properties totaling 2.2 million square feet in 43 buildings in Oregon, Nevada, Colorado and California in 2023.
