**BKM Capital Partners Acquires Three Texas Industrial Properties for $27.5 Million**
BKM Capital Partners (BKM) has announced the acquisition of a three-property industrial portfolio in Texas, totaling 200,300 square feet. The purchase, made on behalf of BKM Industrial Value Fund III, was secured for $27.5 million—representing a 43% discount to the properties’ estimated replacement cost.
The portfolio includes a total of 67 units across 11 buildings in the Dallas-Fort Worth and Houston metropolitan areas. The assets are:
– **Great Southwest Business Park** (formerly GSW Circle): Located in North Dallas’ South Stemmons submarket, this property comprises five buildings offering a total of 73,600 square feet and 30 tenant units.
– **Royal 35 Business Park** (formerly Plaza Circle): Situated in DFW’s Great Southwest submarket, this property includes four buildings totaling 68,000 square feet across 24 units.
– **Kinghurst Business Center** (formerly Kinghurst Circle): Located in Houston’s Southwest Corridor, Kinghurst consists of two buildings totaling 58,700 square feet and 13 units.
The buildings, constructed between 1981 and 1986, are currently 98% leased. BKM plans to execute a $2.1 million capital improvement program as part of its value-add investment strategy. With a weighted average lease term of just two years across the portfolio, the firm aims to take advantage of a 26% mark-to-market rental growth opportunity.
This acquisition strengthens BKM’s industrial portfolio in two of Texas’ most robust commercial real estate markets.
