Seattle & Northwest + Portland + Industrial | May 18, 2022

BKM Purchases Industrial Portfolio in Portland for $18.5M

California-based BKM Capital Partners has acquired a pair of multi-tenant, light industrial properties in Portland, OR for $18.5 million. The two-asset portfolio totals nearly 100,000 square feet across three buildings and is BKM’s fourth purchase in the Portland market.

BKM’s CEO Brian Malliet said in a news release, “Portland is a key industrial market and we’re excited to continue building our footprint of multi-tenant industrial properties within it. The assets are strategically situated in high-density infill submarkets with no new competitive product planned for development.”

The portfolio consists of Riverside Junction, a two-building, multi-tenant complex located in Portland’s East Columbia corridor submarket and 26th Avenue, a single-tenant facility on the southeastern end of downtown Portland in the Clackamas submarket.

Malliet concluded, “We saw a chance to add to our holdings in a prime market, and the robust leasing volume in Portland will create a significant investment upside for us.”

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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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