BKM Capital Partners has acquired Mission Park Business Center, a 94,000-square-foot flex and R&D campus in Santa Clara, for $33 million. The seller was Washington Holdings. BKM intends to reposition the office-heavy property into functional light industrial space targeting small- and mid-bay users tied to Silicon Valley’s manufacturing, technology and research sectors.
The four-building complex sits on seven acres at 1500, 1600, 1700 and 1800 Wyatt Dr. within Silicon Valley’s Golden Triangle, described as one of the region’s most established technology and advanced manufacturing corridors. At the time of sale, the campus was reported to be 89% occupied.
According to BKM founder, CEO and CIO Brian Malliet, Mission Park already offers the combination of location, existing infrastructure, tenant diversity and small-suite layouts that the firm looks for in its investments. However, he noted that the current office-heavy configuration does not align with how demand in Silicon Valley is evolving.
By shifting the campus toward light industrial use, BKM aims to better accommodate tenants focused on manufacturing, assembly, research and service operations. The repositioning strategy is intended to align the asset’s physical layout with the needs of smaller industrial users that contribute to the region’s broader innovation economy.
On the disposition side, Washington Holdings was advised by Cushman & Wakefield. Within BKM, Brett Turner led the transaction, supported by Michael Grossner, the firm’s senior director of acquisitions and dispositions. The parties did not disclose further details about planned improvements, capital expenditures or the anticipated timeline for executing the repositioning of the property.
The Mission Park acquisition underscores continuing investor interest in well-located assets inside Silicon Valley’s core employment corridors, particularly those that can be reconfigured to meet shifting demand between office, flex and industrial uses.
