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| Koll Cotton Center, Phoenix, AZ |
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| Brian Malliet |
PHOENIX, AZ – BKM Capital Partners,
an institutional fund manager with a niche focus on value-add, multi-tenant
industrial investments, has acquired the Koll
Cotton Center, a seven-building, 225,435 square-foot industrial business
park in Phoenix for $26 million.
“The Cotton Center is an
institutional quality asset that presents a dynamic value proposition,” says Brian Malliet, CEO and Co-Founder of BKM
Capital Partners. “By acquiring this
property well below replacement cost, there is a tremendous opportunity to
reposition the asset through our firm’s proven capital and leasing strategy.”
This is the sixth asset that bkm
Capital Partners has acquired to be included in its $200+ million commingled
fund which targets final close in Q4 2015.
The firm intends to acquire approximately $450 million of multi-tenant
industrial assets by the end of 2016.
Jones Lang LaSalle
represented Clarion as the seller in the transaction.
For a complete copy of the company’s news release,
please contact:
Jenn Quader
Brower, Miller & Cole
(949) 955-7940
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