BKM Capital Partners Acquires Two Industrial Parks In Houston For $29.5M From Fort Capital

Two adjacent industrial parks located at 11000 Stancliff Road and 10816 Fallstone Road in the Houston market have been sold for $29,500,000. The asset encompasses a total square footage of 242,555, comprising Southwest Business Park with 131,000 SF and Stonecrest Business Center with 111,555 SF. The properties are currently 70% leased across 39 suites. BKM Capital Partners is set to implement capital improvements to enhance the parks.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $29,500,000
• Buyer: Brian Malliet - BKM Capital Partners
• Seller: Fort Capital
• Square Footage: 242,555
• Price Per Square Foot: $122

BKM Capital Partners, under the representation of Brian Malliet, has acquired the portfolio from Fort Capital. This strategic purchase highlights the company's focus on enhancing industrial properties through future investments and development initiatives.