MDH Partners paid $51 million for KV Buckeye 10, a new 249,600-square-foot industrial complex that is 60% leased. Kentwood Ventures was the seller.

KV Buckeye 10, completed in August 2023, is situated on an 18.7-acre site and consists of two buildings: one 115,200 square feet and the other 134,300 square feet. The project was designed to accommodate tenants of various sizes, from mid-bay to large enterprises. Additionally, it is the only existing Class A industrial project in Buckeye with spaces available below 50,000 square feet.

Greer Oliver and Connor Nebeker-Hay led the JLL team, which represented the seller in this transaction. JLL’s Oliver added, “It offers stable cash flow with 60% of the project already leased, and there is potential to create value by leasing the remaining space. The demand for small and midbay tenant sizes in Buckeye has remained robust, as there are no available spaces for tenants requiring less than 50,000 square feet.”