BKM Capital Partners, the real estate arm of lower middle-market investment firm Niru Group, has acquired three properties for a total price of $42.8 million.  

The Irvine, California-based company purchased Hayden Island Business Park, a 98,516 square-foot park in Portland, Oregon, for $5.964 million; the Patrick Commerce Center, a 223,009 square-foot industrial business park in Las Vegas, for $15.125 million (pictured); and Black Canyon Business Park, a 219,410 square-foot property in Phoenix, Arizona, for $13.1 million.

BKM facilitated each deal by tapping into the firm's first fund, BKM Industrial Value Fund I LP, which is expected to close in March 2015.  According to BKM chief Brian Malliet, the company intends to acquire roughly $300 million worth of assets by the end of 2015.

Formed in 2013, BKM specializes in investing in industrial real estate. 

David Hill of commercial real estate firm Newmark Grubb Knight Frank represented the seller of the Hayden Park property, while Bret Hardy and Rick Putnam of Colliers International advised the Las Vegas sale.

Robert Buckley, Tracy Cartledge and Steve Lindley of real estate firm Cassidy Turley ran the sale of the property in Phoenix.

For more coverage on real estate M&A, see Six Sizzling Sectors.


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