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**BKM Capital Partners and Kayne Anderson Real Estate Acquire San Jose Industrial Property for $30M**
BKM Capital Partners, in partnership with Kayne Anderson Real Estate, has acquired the PacTrust Business Center in San Jose for $30 million. The acquisition comes at a 55% discount to replacement cost and significantly expands BKM’s presence within Silicon Valley’s niche industrial market.
Located on 7.3 acres at 780 Montague Expressway in North San Jose’s Golden Triangle, the PacTrust Business Center spans 94,317 square feet across seven buildings. The property, now renamed Montague Exchange, is currently 96% leased to a diverse range of tenants.
“With more than 20 million square feet converted to other uses over the past decade, Silicon Valley’s light industrial inventory is disappearing faster than it’s being replaced,” said Brett Turner, Senior Managing Director of Acquisitions & Dispositions at BKM. “This strategic acquisition gives us a high-performing asset in the heart of the Valley’s innovation corridor—offering suite sizes, infrastructure, and a location that are becoming increasingly hard to replicate.”
The seller, PacTrust, was represented by Cushman & Wakefield. The acquisition was led by Turner on behalf of BKM, with support from Michael Grossner, Director of Acquisitions and Dispositions.
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