BKM Plans Repositioning for Office-Heavy Flex/R&D Campus in Silicon Valley’s Golden Triangle

 BKM Capital Partners has acquired Mission Park Business Center, a 94,000-square-foot campus in Santa Clara, for $33 million from Washington Holdings. The firm plans to reposition the office-heavy flex/R&D property into functional light industrial space for small- and mid-bay users across Silicon Valley’s manufacturing, technology and research economy.

“Mission Park has the location, infrastructure, tenant diversity and small-suite configuration we look for, but its office-heavy layout does not fully reflect where demand in Silicon Valley is heading,” said Brian Malliet, BKM’s founder, CEO and CIO. “By repositioning the campus as functional light industrial space, we can better serve the manufacturing, assembly, research and service users that drive the region’s economy.”

Located at 1500, 1600, 1700 and 1800 Wyatt Dr., the four-building property occupies seven acres within Silicon Valley’s Golden Triangle, one of the region’s most established technology and advanced manufacturing corridors. The campus is 89% occupied.

Washington Holdings was advised by Cushman & Wakefield. Brett Turner led the transaction for BKM with support from Michael Grossner, BKM’s senior director of acquisitions and dispositions.