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Small Bay Daily - November 3 - BKM Capital Partners buys small bay park in San Diego area for $62M

Small Bay Daily - November 3 - BKM Capital Partners buys small bay park in San Diego area for $62M

BKM buys CA small bay park. CushWake sells NC portfolio. Rycore buys TX small bay. TCG buys FL small bay portfolio. Obsidian buys MN small bay. REMAX leases IL small bay. Six new small bay deals.

Matt H
November 03, 2026

Good morning. Welcome to Small Bay List!

Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.

Now, let’s get to it!

NEWS ROUNDUP

ACQUISITION: BKM Capital Partners buys small bay park in San Diego area for $62M. BKM Capital Partners has acquired Goldenwest Circle Business Park, located on Bolsa Avenue and Goldenwest Circle in Westminster, California. The property features 12 buildings with 36 units totaling 231,000 SF. Brett Turner and Michael Grossner led the BKM deal team. Darla Longo with CBRE represented the seller in the off-market transaction.

DISPOSITION: Cushman & Wakefield sells light industrial portfolio in Greensboro, NC. Cushman & Wakefield has facilitated the sale of 8 infill light industrial buildings in Greensboro, North Carolina. The properties total 208,575 SF. The CushWake deal team included Casey Masters, Rob Cochran, Stewart Calhoun, Bill Harrison, Andrew Stanford, and Ransome Smith.

ACQUISITION: Rycore Capital buys small bay park in Houston, TX. Rycore Capital has acquired Point West Business Park, located at 10161-10175 Harwin Drive in Houston, Texas. The property features 3 multi-tenant industrial buildings totaling 144,810 SF. Chris Bergersen, Parker Lund, and Colton Collins led the Rycore deal team. Matt Braly and Shannon Taylor with Third Coast Bank provided acquisition financing. Michael Navarro with Munsch Hardt Kopf & Harr provided legal counsel.

ACQUISITION: Thematic Capital Group buys flex industrial portfolio in Walton Beach, FL. Thematic Capital Group (TCG) has acquired 105-303 Lewis Street in Walton Beach, Florida. The portfolio features 5 multi-tenant industrial buildings totaling 48,224 SF on 3.55 AC. Bernard Clevens and Benji Howard led the TCG deal team. Nick Watson with Matthews and Greg Ganske with eXp Realty facilitated the off-market transaction.

ACQUISITION: Obsidian Group buys small bay asset in Twin Cities metro area. Obsidian Group has acquired 7920 University Avenue Northeast in Fridley, Minnesota. The property features a 29,000 SF multi-tenant industrial facility. The Obsidian deal team included Ethan Finger, Brad Heitzinger, Jessica Houlihan, and Joshua Howe. Mark Kolsrud, Peter Loehrer, and Tom O’Brien with Colliers facilitated the transaction. Andrew Bates with Bridgewater Bank provided financing.

LEASE SIGNED: RE/MAX leases out small bay space in Chicago metro area. RE/MAX has facilitated the leasing of 18132 Northwest Drive, Unit 2, in Shorewood, Illinois. The unit features 2,000 SF of warehouse space. Vito Sruoga and Gabija Baudyte led the RE/MAX Millennium Commercial Group deal team.

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SMALL BAY PROPERTIES FOR SALE

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8016 Hankins Industrial Park, Toano, VA 23168

17,820 SF | 1.66 AC | 27 Small Bay/Self-Storage Units Averaging 660 SF Each | Currently 96% Leased | Steel-and-Masonry Construction with Metal Exterior Walls and Roof, Concrete Slab Foundation and Flooring, Metal Roll-up and Swing Doors | ASKING PRICE: $2,400,000