BKM Capital Partners Buys Pompano Beach Industrial Park From MIG Real Estate for $33 Million

BKM Capital Partners has acquired Park Central Distribution, a 114,000-square-foot business park in Pompano Beach, Florida, for $33 million, the firm announced. The seller was MIG Real Estate, which was advised in the transaction by JLL Capital Markets. The property was acquired on behalf of BKM Industrial Value Fund III.

The deal was announced Nov. 9, 2026. It brings BKM's Florida footprint to more than 1.4 million square feet, less than 18 months after the firm's statewide debut.

Park Central Distribution Property Details

Park Central Distribution is located at 3600 Park Central Boulevard North in Pompano Beach, between Fort Lauderdale and Boca Raton. The property comprises 19 suites averaging approximately 6,000 square feet across three buildings and is 95% occupied. At $33 million, the purchase price equates to approximately $289.47 per square foot.

Built in 1985, the concrete tilt-wall buildings have 16- to 20-foot clear heights, 10 dock-high doors and 22 grade-level doors. The buildings are rear-loaded, keeping truck traffic behind the office frontage. The tenant base is led by healthcare users and also includes technology, distribution, manufacturing and service businesses.

The property is about four minutes from I-95 and six minutes from Florida's Turnpike. Fort Lauderdale-Hollywood International Airport and Port Everglades are each approximately 25 minutes away, and some 6.7 million people live within a 90-minute drive.

BKM Capital Partners Plans Capital Improvements and Rebranding

BKM, which describes itself as an institutional fund manager and operator focused on small- and mid-bay light industrial properties, will rename the property Lighthouse Industrial Park. The firm intends to implement a capital improvement plan that includes upgrades to the roof, HVAC and parking lot, along with new paint, landscaping and signage. Inside the buildings, BKM plans to reduce office buildout and subdivide select suites as leases roll, and to fold roughly 900 square feet of unused space into an adjacent unit.

Brett Turner, Partner and Chief Investment Officer at BKM, said healthcare's share of the tenant base is not accidental. "A specialty pharmacy or a testing lab needs more finished space than a typical warehouse user. Most small-bay product in Pompano carries 10% to 20% office, and Park Central Distribution has considerably more," Turner said. He added that BKM would bring the office share down where a suite has more than its occupant needs and keep it where tenants are paying for it. "What the park hasn't had is an identity separate from the larger business park around it, and that's what our exterior program is for," he said.

MIG Real Estate Sale and JLL Capital Markets Role

Turner and Max Stone, BKM's Associate Director of Acquisitions and Dispositions, negotiated the purchase directly with MIG Real Estate, drawing on an existing relationship with the seller. Cody Brais, Managing Director with JLL Capital Markets, advised MIG in the deal.

Pompano Beach Industrial Market Context

Pompano Beach is Broward County's largest industrial submarket and led the county in leasing in the second quarter of 2026 with 443,000 square feet. According to data from CoStar and CBRE, vacancy among buildings smaller than 50,000 square feet stood at 4.6% in the quarter, compared with an overall submarket rate of 9.2%. Countywide, industrial asking rents have nearly doubled since 2019.

Brian Malliet, BKM's Founder and Chief Executive Officer, said tenants seeking small-bay space in Pompano Beach have limited options. "For an HVAC contractor or a restoration company that needs some office, a loading door and a short drive to its customers, the usable inventory is much smaller than the headline numbers suggest, and it's close to full. That's the kind of space we've been buying across Florida, and it's where we expect demand to hold up best," Malliet said.

BKM's Florida Expansion

Park Central Distribution is BKM's fourth Florida acquisition in six weeks and its third in South Florida. It follows Aero Business Park, a 61,135-square-foot property in Fort Lauderdale; Stirling Landing, a 210,350-square-foot Fort Lauderdale business park formerly known as Lakeview Center, acquired with Kayne Anderson Real Estate; and a four-property Central Orlando portfolio totaling 543,000 square feet across seven buildings and 22 units, acquired at 95% occupancy. The Orlando transaction expanded BKM's Central Florida platform to 13 properties and more than 1 million square feet.

BKM entered Florida in June 2025 with the Gridline Orlando portfolio, an acquisition of approximately 500,000 square feet. Including that portfolio, the firm has acquired more than $300 million of industrial property in infill markets across Central and South Florida.

The firm has also said in its 2026 outlook that it is expanding into high-growth markets such as Florida, Texas and Georgia.

Sources

• BKM Capital Partners: BKM Capital Partners Extends Broward County Footprint with $33 Million Pompano Beach Purchase