BKM Capital Partners has expanded its industrial holdings in Florida with the acquisition of Park Central, a multi-building business park in Pompano Beach, for $33 million. The purchase adds a 114,000-square-foot asset to the firm’s portfolio and lifts BKM’s footprint in the state to more than 1.4 million square feet less than 18 months after entering the Florida market.
Park Central consists of three concrete tilt-wall buildings configured as a rear-loaded industrial park, keeping truck circulation behind the office frontage. The project is divided into 19 suites that average roughly 6,000 square feet each, supporting a mix of uses that range from office-intensive to distribution and light industrial operations. BKM’s acquisition comes at a time when the property is reported to be 95% occupied.
The tenant roster at Park Central is led by healthcare users, with additional occupancy from technology, distribution, manufacturing and service-related companies. This diversified base underscores the park’s role as a multi-tenant industrial and business hub, accommodating both traditional industrial users and more office- and service-oriented tenants within the same footprint.
The asset was originally built in 1985 and features clear heights ranging from 16 to 20 feet, 10 dock-high doors and 22 grade-level doors. These loading and clear-height characteristics support a range of distribution, production and service functions typical of small-bay and mid-bay industrial properties. The rear-loaded design separates office and truck traffic, which can enhance functionality for tenants requiring both customer-facing and logistics operations.
BKM negotiated the transaction directly with seller MIG Real Estate. Internally, BKM was represented by Brett Turner and Max Stone, who led negotiations with MIG. On the sell side, JLL’s Cody Brais advised MIG in the deal, providing investment sales guidance on the disposition of the asset.
Following the acquisition, BKM plans to reposition the property under a new name, Lighthouse Industrial Park. As part of this strategy, the firm intends to undertake a capital improvement plan at the site. While specific scope and timelines were not disclosed, the planned upgrades are expected to modernize the park’s physical condition and support ongoing leasing and retention efforts across the multi-tenant roster.
With this transaction, BKM continues to scale its presence in Florida’s industrial sector, adding a nearly fully occupied, small- to mid-bay business park to its statewide portfolio and signaling an ongoing commitment to the region’s industrial and business park segment.
