BKM Capital Partners And Kayne Anderson Real Estate Acquire Industrial Portfolio From Link Logistics For $120M

This transaction involved an industrial portfolio consisting of 16 buildings with a total square footage of 505,000 in the Hayward and Concord markets. The sale was finalized at a price of $120,000,000, resulting in a price per square foot of $238. The portfolio is currently 89% leased, with a portion of the rents being below market rates.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $120,000,000
• Buyer: Brian Malliet - BKM Capital Partners
• Buyer: Albert Rabil - Kayne Anderson Real Estate
• Seller: Luke J. Petherbridge - Link Logistics
• Total Square Footage: 505,000
• Price per Square Foot: $238
• Market: Hayward & Concord
• Percentage Leased: 89%
• Percentage of Rents Below Market: 28%

BKM Capital Partners and Kayne Anderson Real Estate acquired the portfolio to align with their investment strategy targeting high-growth markets with potential for value enhancement. Luke J. Petherbridge represented the seller, Link Logistics, in the transaction.