BKM pushes into Florida with $174M industrial blitz despite “turbulent” market

BKM Capital Partners is steamrolling ahead with its expansion into Florida, spending $174 million on three industrial acquisitions over the span of three weeks.  The California-based firm, along with German American Realty, paid $14 million last month for Palm Crossing South, a 61,100-square-foot small-bay industrial property in Fort Lauderdale. The deal worked out to $230 per square foot. It marked BKM’s second acquisition since its debut in the Sunshine State last year with the purchase of a 500,000-square-foot Orlando portfolio, according to a release. Palm Crossing South, at 3550 Northwest 53rd Street, includes 14 units across two buildings. The average […]

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