Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + Houston-Galveston  + Industrial  |  January 16, 2025
West Belt Business Park in Houston sells for $34M
Mike Boyd
By: Mike Boyd

BKM Picks Up 260K-SF Houston Industrial Park

BKM Capital Partners has acquired West Belt Business Park, a five-building industrial park totaling 260,887 square feet for $34.1 million in Houston’s Westchase submarket. Longpoint Realty Partners sold the property.

The buyer secured a $27 million bridge loan originated by LoanCore Capital, with a maturity date set for 2027. Commercial Edge reports that the industrial park last changed hands in 2021 when Longpoint Realty Partners bought it from Triten Real Estate Partners.

West Belt Business Park dates back to 1978 and includes five one-story buildings at 10611 and 10641 Harwin Drive. BKM Capital Partners purchased the property at a 41 percent discount to replacement cost and plans to invest $3.3 million in capital improvements.

Additionally, West Belt Business Park is fully leased with an average lease term of 2.9 years.

JLL’s Charlie Strauss, Lance Young and Clay Anderson represented the seller during negotiations.

Read More News Stories About: JLL
Connect

Inside The Story

BKM

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
Order Reprints
  • ◦Sale/Acquisition
New call-to-action