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| Pacific Business Center, Henderson, NV |
NEWPORT BEACH, CA – BKM
Capital Partners, an institutional fund manager with a niche focus
on value-add, light industrial multi-tenant investments, has surpassed $1
billion in assets under management with the acquisition of Pacific Business
Center, a 898,389 square-foot, 13-building light multi-tenant industrial
property in Henderson, Nevada.
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| Brian Malliet |
The industrial
complex was acquired for $111,250,000 and is BKM’s largest acquisition to date.
“Reaching $1
billion in assets under management is a major milestone for BKM that speaks to
the strength of our ongoing investment strategy,” says Brian Malliet,
Co-Founder and CEO of BKM Capital Partners.
“We have been bullish
on acquisitions over the past two years, consistently acquiring high-quality
assets at pricing that remains well below replacement cost.
"In doing so, we
have established ourselves as one of the most active buyers of multi-tenant
industrial product in the U.S., while simultaneously creating tremendous value
for our owned portfolio, which now spans more than eight million square feet
throughout the Western U.S.”
 |
| Brett Turner |
Additionally, the asset offers top of the line industrial features such as 24’-28’ clear heights, ESFR sprinkler systems and new TPO roofs, according to Brett Turner, Managing Director of Acquisitions at BKM Capital Partners.
“It is rare to find a property of this scale and caliber in the Las Vegas metro area,” says Turner.
“Based on a lack of developable land and rising construction costs, there is a significant lack of industrial supply in the Henderson market, making this a strategic acquisition that will benefit from strong tenant demand for many years ahead.”
The properties are located at:
·
1045-1175
American Pacific Drive
·
160-194
Gallagher Crest Road
·
1060-1110 Mary
Crest Road
BKM represented
itself in the acquisition. The seller was represented by CBRE.
CONTACTS:
Alex Caswell/Lexi Astfalk
Brower Group
(949) 955-7940
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