BKM Logs 25th Acquisition in Phoenix Metro

Newport Beach-based BKM Capital Partners recently acquired Scottsdale Commerce Center, a four-building multi-tenant light industrial business park totaling 85,362 square feet in Scottsdale, for $19.6 million from Minneapolis, MN-based Onward Investors. This is BKM’s 25th acquisition in the Phoenix metro area, bringing its current holdings in the region to more than 2.2 million square feet in 13 projects, according to Brian Malliet, CEO of BKM Capital Partners.

“Phoenix remains a key market for BKM, given the growth and demand for e-commerce and last-mile facilities that serve the greater Southwest and West Coast markets,” says Malliet. “Scottsdale Commerce Center checks all the right boxes for us as we work to uncover value-add industrial opportunities and continue to strategically expand our portfolio.”

Located at 1435, 1465, 1505 and 1525 North Hayden Rd. in the McDowell Road Corridor on Scottsdale’s south end, Scottsdale Commerce Center is adjacent to multiple infill demand centers including downtown Scottsdale, Arizona State University and Tempe’s business district as well as Sky Harbor International Airport. The asset is along SR-101 with access to the broader Southeast Valley.