JLL completes sale of the Kent Valley Industrial Portfolio in Seattle's premier industrial corridor

SEATTLE, July 16, 2026 – JLL Capital Markets announced today the sale of the Kent Valley Industrial Portfolio, a five-building, 401,132-square-foot shallow-bay industrial portfolio located across two sites in Tukwila and Kent, Washington.

JLL represented the seller in the transaction. BKM Capital Partners acquired the asset.

The portfolio is comprised of three buildings at Southcenter West Business Park and two additional distribution facilities both in Kent. Built between 1973 and 1979, all five buildings are concrete tilt-up construction featuring 24-foot clear heights, 95 dock-high and 11 grade-level doors, wet-pipe sprinkler systems and LED lighting throughout.

The portfolio totals 18.86 acres of land and offers suite configurations ranging from approximately 6,000 to 55,000 square feet, catering to the most active segment of tenant demand in the submarket. At the time of sale, the portfolio was 87% leased to 16 tenants across food and beverage distribution, industrial supply, auto parts, logistics and nonprofit services.

Strategically positioned in Seattle’s Kent Valley — one of the Pacific Northwest’s most infill and supply-constrained industrial corridors — the portfolio spans the North and South Kent Valley, providing seamless distribution coverage to Seattle, the Eastside and Tacoma. The Southcenter West Business Park in Tukwila benefits from direct access to Interstate 5 and Interstate 405, while the Kent assets offer immediate proximity to State Route 167, providing efficient regional and national distribution reach. The entire portfolio sits within approximately six miles of Seattle-Tacoma International Airport, a top 20 U.S. cargo airport whose proximity is central to the area’s strong and sustained industrial tenant demand. The portfolio is further supported by its location approximately halfway between the Port of Seattle and the Port of Tacoma, making it ideally positioned for intermodal, port-related and last-mile logistics operations across the Pacific Northwest.

The JLL Capital Markets team was led by Managing Director James “Buzz” Ellis, SIOR, and Director Rachel Jones.

“The Kent Valley Industrial Portfolio represented a genuinely rare opportunity to acquire a critical mass of infill shallow-bay distribution product in one of Seattle’s most supply-constrained and sought-after industrial submarkets, and the depth of institutional interest throughout the marketing process reflected exactly that,” said Ellis. “BKM Capital Partners’ deep existing presence in the Kent Valley, combined with their conviction in the asset’s near-term leasing and value-add upside, made them the standout buyer in a highly competitive process.”

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE: JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Headquartered in Newport Beach, California, BKM Capital Partners is the largest institutional fund manager and operator of multi-tenant light industrial properties in the United States. BKM’s singular focus, market knowledge, decade-long track record, and institutional approach provide a platform for investors to access a traditionally fragmented asset class through an experienced partner with the expertise to execute. BKM’s platform drives significant ROI in this niche asset class through active hands-on management with an experienced investment and operations team. Since its inception in 2013, BKM has successfully acquired nearly 40 million square feet of light industrial projects valued at $8 billion. The firm continues to grow its investment management business through strategic joint ventures, institutional investor funds and separate account equity capital. Additional information is available at bkmcp.com.