Brian Malliet Of BKM Capital Partners And Albert Rabil Of Kayne Anderson Acquire Industrial Properties For $63M

Two industrial buildings located at 48000 Fremont Boulevard in Fremont and 26269 Research Road in Hayward were acquired for a total of $63 million. The Fremont property was purchased for $39 million, while the Hayward property was acquired for $24 million, as part of a broader transaction involving an 8.5 million-square-foot national portfolio acquisition. This transaction took place in the Fremont and Hayward markets of California.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $63,000,000
• Buyer: Brian Malliet - BKM Capital Partners
• Buyer: Albert Rabil - Kayne Anderson Real Estate
• Seller: Affiliates of PS Business Parks

This acquisition represents BKM Capital's largest platform expansion to date. It highlights the ongoing demand from investors for light industrial assets, despite a noted weakness in other sectors of commercial real estate.