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To help unlock the full potential of its assets, BKM Capital Partners recapitalized three San Diego business parks from its BKM Industrial Value Fund II LP, with Tokyu Land US Corp. for $76.9 million.

It is the first joint venture between BKM and Tokyu Land US Corporation, a real estate investment and operating company owned by Japan-based Tokyu Fudosan Holdings Group.

These small-bay facilities, aggregating 342,073 square feet, are in the active industrial submarket corridor of Otay Mesa. BKM acquired them five years ago and invested $1.4 million in upgrades.