Jan 16, 2025
BKM Capital buys West Belt Business Park for $34M
HOUSTON – BKM Capital Partners has acquired West Belt Business Park, a five-building industrial park totaling 260,887 sf, for $34.1 million from Longpoint Realty Partners. Built in 1978, the park...
HOUSTON – BKM Capital Partners has acquired West Belt Business Park, a five-building industrial park totaling 260,887 sf, for $34.1 million from Longpoint Realty Partners.
Built in 1978, the park has five one-story buildings at 10611 and 10641 Harwin Dr.
The light industrial buildings include spec suites ranging from 770 to 23,000 sf.
BKM plans to invest $3.3 million in capital improvements such as roofing and architecture enhancements, or operational upgrades such as parking spaces, landscaping, signage, and tenant upgrades.
The park was fully leased with an average lease term of 2.9 years.
JLL represented the seller, while the buyer was represented internally.
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