The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
January 18, 2022
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
BKM Capital Partners Acquires 85k sf AZ Light Industrial Park

1/05/22

Newport Beach-based BKM Capital Partners has acquired Scottsdale Commerce Center, a four-building, 85.4k sf multi-tenant light industrial business park in Scottsdale, AZ, for $19.6 mil ($230/sf). The property was sold by Minneapolis, MN-based Onward Investors.

Located at 1435, 1465, 1505 and 1525 North Hayden Rd in the McDowell Road Corridor on Scottsdale’s south end, Scottsdale Commerce Center is uniquely situated 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 also ideally placed along SR-101, providing ease of access to the broader Southeast Valley.

Built in 1986, the asset is currently 100% leased across 15 suites, with unit sizes ranging from 1.8k sf to 25k sf. BKM plans to modernize and reposition a property that is currently configured with a large amount of office buildout into functional industrial space. The value-add improvements are expected to attract long-term tenancy, drive rental rates, and meet increasing demand for e-commerce and last-mile occupiers.

Brian Malliet, CEO of BKM Capital Partners, said, “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. 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.”

This is BKM’s 25th acquisition in the Phoenix metro area, bringing its current holdings in the region to more than 2.2 msf across 13 projects, according to Malliet. Cushman & Wakefield’s Chris Toci represented the seller in the transaction.




Return to the previous page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media