A portfolio of industrial buildings was sold for $167.85 million that amounts to 889,352 square feet among 46 buildings across eight parks in the Phoenix area with many in Tempe.

BKM Capital Partners acquired the portfolio from an affiliate of Equus Capital Partners Ltd., according to a release. CBRE facilitated the sale.

CBRE’s Rusty Kennedy, Joe Cesta and Darla Longo represented the affiliate of Equus Capital Partners Ltd. in the transaction.

“The recent sale of this multitenant light industrial portfolio underscores the sustained strength of this asset class,” Kennedy, executive vice president at CBRE, said in the release. “Its infill location near major population centers and diversified rent roll across multiple industries continue to drive robust bidder interest, reflecting the g

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