Circle Industrial sells Texas Tri-Pack to BKM Capital Partners

DALLAS, Dec. 8, 2025 –  JLL Capital Markets announced today the sale of the Texas Tri-Pack, a three-asset industrial portfolio totaling 200,343 square feet located in Dallas-Fort Worth and Houston markets.

JLL represented the seller, Circle Industrial, in the transaction, with BKM Capital Partners acquiring the assets.

The portfolio comprises 11 buildings across three properties: Plaza Circle II (68,043 square feet across four buildings) at 11048-11056 Shady Trail in Dallas-Fort Worth's South Stemmons submarket, GSW Circle I (73,600 square feet across five buildings) at 2125-2133 S. Great Southwest Pkwy. in the Great Southwest area of Grand Prairie, and Kinghurst Circle (58,700 square feet across two buildings) at 10849-10899 Kinghurst Dr. in Houston's Southwest Corridor. The assets are currently 98% leased to 64 diverse tenants with an average suite size of 2,990 square feet.

The 1981 and 1986 vintage properties feature functional industrial configurations with clear heights ranging from 14 to 18 feet and diverse loading capabilities including dock-high doors, semi-dock doors and grade-level doors totaling 87 loading positions across the portfolio.

The assets capitalize on their proximity to major highways, airports and urban centers within two of the nation's fastest-growing regions, offering tenants unparalleled access to both consumer markets and labor pools across the expansive Texas Triangle megalopolis.

The JLL Capital Markets team was led by Industrial Group Co-Head and Senior Managing Director Trent Agnew, Managing Director Charlie Strauss, Senior Director Tom Weber, Directors Pauli Kerr and Lance Young and Analysts Brennan Fewin and Alex Fronterhouse.

"This transaction generated significant investor interest with multiple competitive bids, reflecting the strong demand for infill industrial assets in Texas's premier growth markets," said Agnew. "The portfolio offered BKM Capital Partners a unique opportunity to acquire scale in the highly sought-after Dallas-Fort Worth and Houston markets, with steady cash flow and substantial growth potential through a mark-to-market opportunity."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Circle Industrial is an investment manager providing value-add returns through discretionary industrial real estate funds, with a focus on relative value investments in U.S. growth markets. Circle’s 35+ years of experience exclusively in industrial provides clear insight into functionality of assets owned and best-in-class operational decision making. Additional information is available at https://www.circle-industrial.com.

BKM Capital Partners is a proven real estate fund manager and operator focused exclusively on investing in small and mid-bay light industrial properties in the United States. Headquartered in Newport Beach, CA, with more than 130 employees in 16 offices, BKM implements a value-add strategy targeting under-managed and under-capitalized assets. Since 2013, BKM has invested over $6 billion in 175+ small and mid-bay light industrial properties comprising over 30 million square feet. Its approach includes the acquisition, refurbishment, repositioning and active management of these industrial properties to drive NOI growth and generate a strong IRR and multiple on invested equity. BKM’s foundation is built upon Focus, Operational Excellence, Technology, and Client Service. Additional information is available at bkmcp.com.