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BKM Capital Partners Acquires $51M Portland Industrial Park
BKM Capital Partners (BKM), a vertically integrated institutional fund manager, has acquired Tigard Business Park, a 256,084-square-foot light industrial park in the sought-after Portland-area city of Tigard, OR. The $50.7-million acquisition is BKM’s tenth purchase in the Portland Metro Area.
Spanning more than 20 acres, Tigard Business Park consists of eight buildings and 33 units ranging in size from 4,700 to 15,000 square feet. It is currently 97% occupied, with a weighted average lease term of 3.7 years.
“Our in-house property management and leasing teams have been instrumental in elevating Tigard Business Park’s performance, benefiting from the robust growth of the broader market,” said Brett Turner, Senior Managing Director, Acquisitions and Dispositions.
The multi-tenant property has gone through a comprehensive cosmetic enhancement, including updated paint schemes, modernized signage, efficient landscaping, and improved roofing, HVAC systems, and parking facilities. Strategically located at 11844 SW Pacific Hwy., the property offers convenient access to major roadways.
