PHOENIX — Four Valley industrial properties were among a massive portfolio sale by Blackstone Property Advisors that included assets across Arizona, California and Oregon.
Newport Beach, California-based BKM Capital Partners acquired 11 properties, eight of which were purchased through the BKM Industrial Value Fund II. Three properties were purchased in partnership with the Canyon Catalyst Fund, which is Canyon Partners’ real estate emerging manager program managed on behalf of the California Public Employees’ Retirement System.
The four Arizona properties had a combined sale price of $157.5 million. In total, the 11-property portfolio sold for $425.37 million.
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