BKM Capital Partners, in partnership with BMA Capital Corp, has recently acquired the Airport Way Corporate Park in Portland, Oregon for $24.5 million. The industrial park is located within the highly sought-after Airport Way Corridor and consists of multiple tenants.
The acquisition was represented by BKM themselves while CBRE’s Paige Morgan, Brett Hartzell and Cara Nolan acted as representatives for the seller. The property at 12021 NE Airport Way spans over 140,693 square feet and boasts a high occupancy rate of 97%. It was built between 1992 to 2008.
In line with their repositioning plan for the business park, BKM plans to invest more than $1.3 million into capital improvements and rename it as PDX Distribution Center. Its strategic location provides easy access to Portland International Airport (only five minutes away), I-205 freeway (five minutes away) as well as Port of Portland and BNSF rail yard (20 minutes away). This latest acquisition adds another valuable asset to BKM’s growing portfolio.
