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BKM Acquires Portland Industrial Portfolio for $37M

BKM Acquires Portland Industrial Portfolio for $37M

Vertically integrated fund manager BKM Capital Partners has acquired Airport Business Center, an 11-building, light industrial portfolio in Portland, OR. The 229,000-square-foot business park is located at NE Alderwood Road and NE 79th Court and consists of 41 units that is 92% occupied by a diverse range of tenants.

“This investment provided us with an opportunity to buy an institutional-grade business park in Portland’s largest industrial submarket,” said BKM CEO Brian Malliet. “With little new construction and vacancies floating under 3.5%, we see significant opportunities to capitalize.”

Situated in the heart of Portland’s NE/Columbia industrial corridor, the assets consist of 24% office space, 17’ to 20’ clear heights, 79 dock- and grade-level loading doors and ample parking. Planned BKM upgrades include the installation of new TPO all-weather roof systems, new skylights and LED lighting, replacing HVAC systems and cutting back landscaping and installing drought-resistant foliage.


Inside The Story

BKM Capital PartnersBrian Malliet

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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