BKM Partners With Canyon Real Estate To Purchase Cabot Business Park

From BKM Capital Partners: BKM Capital Partners (“BKM”) and Canyon Partners Real Estate LLC® (“Canyon”) announced the acquisition of Cabot Business Park, a 139,664 square-foot, multi-tenant industrial property in Hayward, CA. The acquisition of Cabot Business Park is the second investment completed by BKM in its programmatic joint venture with the Canyon Catalyst Fund (“CCF”), the CalPERS real estate emerging manager program managed by Canyon.

“Hayward is quickly becoming a key infill industrial market with unique connectivity to the major transportation infrastructure and leading Bay Area employment centers,” said Brian Malliet, CEO and co-founder of BKM. “Cabot Business Park presents an ideal opportunity to enter this market as an experienced owner and operator of industrial properties.”

The four-building Cabot Business Park is strategically located directly off the I-880 Freeway, the major north-south corridor connecting San Jose to Oakland. The property is 17 miles south of downtown Oakland, 30 miles north of downtown San Jose and 15 miles from the heart of Silicon Valley via the San Mateo Bridge.

“Hayward’s continued growth has lowered vacancy to less than 1% for multi-tenant industrial product,” said Brett Turner, Director of Acquisitions at BKM Capital Partners. “With the property already 91% occupied, we will focus on attracting and retaining high-quality tenants as we implement a capital improvement program designed to enhance the aesthetic of the property.”

The 10.96-acre property was originally constructed in 1986. Unit sizes average 2,800 square feet, which can be combined or divided as needed to accommodate a variety of tenants and configurations.

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