BKM Picks Up 260K-SF Houston Industrial Park

BKM Picks Up 260K-SF Houston Industrial Park

BKM Capital Partners has acquired West Belt Business Park, a five-building industrial park totaling 260,887 square feet for $34.1 million in Houston’s Westchase submarket. Longpoint Realty Partners sold the property.

The buyer secured a $27 million bridge loan originated by LoanCore Capital, with a maturity date set for 2027. Commercial Edge reports that the industrial park last changed hands in 2021 when Longpoint Realty Partners bought it from Triten Real Estate Partners.

West Belt Business Park dates back to 1978 and includes five one-story buildings at 10611 and 10641 Harwin Drive. BKM Capital Partners purchased the property at a 41 percent discount to replacement cost and plans to invest $3.3 million in capital improvements.

Additionally, West Belt Business Park is fully leased with an average lease term of 2.9 years.

JLL’s Charlie Strauss, Lance Young and Clay Anderson represented the seller during negotiations.

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