BKM Capital Partners has purchased the 119,100-square-foot Junction Business Park in North San Jose for $30.7 million from Stockbridge Partners. The property, located at 1911-1943 Hartog Drive & 1914-1968 Junction Avenue, is an industrial asset. The sale price of $30.7 million reflects a per square foot price of $258. The transaction took place on January 11, 2024, in the San Jose market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $30,700,000
• Square Footage: 119,100
• Address: 1911-1943 Hartog Drive & 1914-1968 Junction Avenue
• Market: San Jose

The buyer of the property is Brian Malliet, representing BKM Capital Partners. On the other hand, Anil Seetharam, representing Stockbridge Partners, is the seller in this transaction. The deal was facilitated by brokers James Carpenter, Kirk Kuller, Michael Matchett, Molly Hunt, Robert Buckley, Tracy Cartledge, and Will Strong, all from Cushman & Wakefield.

BKM Capital Partners plans to invest $1 million in upgrading the property, aligning with their strategy of acquiring discounted light industrial assets to maximize their value. With this acquisition, their Northern California holdings now total over 900,000 square feet across five properties.