BKM Acquires Airport Way Corporate Park in OR for $25M
BKM Capital Partners has acquired the Airport Way Corporate Park in Portland, Oregon, for $24.5 million. The multi-tenant infill industrial park is located in Portland’s highly trafficked Airport Way Corridor.
BKM, which acquired the asset through a joint venture partnership with BMA Capital Corp, represented itself in the deal. Paige Morgan and Brett Hartzell along with Cara Nolan of CBRE represented the seller in the transaction. Located at 12021 NE Airport Way, the 140,693-square-foot property is 97 percent leased and was built in phases between 1992 and 2008.
BKM plans to invest more than $1.3 million in capital improvements, and the business park will also be renamed PDX Distribution Center as part of BKM’s repositioning plan. Airport Way Corporate Park is strategically situated five minutes from Portland International Airport, the I-205 freeway, and 20 minutes from the Port of Portland and BNSF rail yard.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.