**BKM Capital Partners Acquires Houston Industrial Portfolio for $24.9 Million**
BKM Capital Partners (BKM), a fund manager specializing in multi-tenant light industrial real estate, has acquired a two-property industrial portfolio in Houston for $24.9 million. The seller in the transaction was Fort Capital.
The acquisition was completed on behalf of BKM Industrial Value Fund III and includes 193,819 square feet of light industrial space. The purchase was made at a notable 42% discount to replacement cost, reflecting an opportunistic value-add investment.
Located in two of Houston’s most supply-constrained submarkets, the portfolio comprises 44 units across seven buildings and is currently 87% leased. The first property, Fairway Park Business Center, occupies an eight-acre site in Northwest Houston. It includes 135,571 square feet across five buildings constructed between 1974 and 1977. The second property, Rockley Road Business Center, is situated in Southwest Houston and offers 58,248 square feet across two buildings on a four-acre site built in 1980.
BKM has announced plans to implement a $12 million capital improvement program across both properties to enhance their visual appeal and operational efficiency.
CBRE National Partners represented Fort Capital in the transaction.
