News
Orlando, Florida (August 4, 2025) – Foundry Commercial has been selected to lead leasing efforts for Gridline Orlando, a newly acquired portfolio of nine small bay industrial buildings in the 33rd Street/McLeod submarket. The nearly 500,000-square-foot portfolio marks BKM Capital Partners’ first investment in the southeastern U.S., completed in partnership with Kayne Anderson Real Estate.
Gridline Orlando spans 489,891 square feet across five properties and 45 suites, with an average unit size of 18,800 square feet. The portfolio benefits from its strategic infill location near Interstate 4, Florida’s Turnpike, and downtown Orlando, offering seamless access to one of the most dynamic and fastest-growing markets in the country.
“The 33rd Street submarket is quintessential infill – featuring diverse tenants, strong demand, and a location that serves both central and south Orange County,” said Justin Ruby, SIOR, CCIM, who leads Foundry’s industrial team in Central Florida. “There’s no better place for BKM to introduce their small bay platform to the East Coast.”
The joint venture plans to invest $7.4 million into upgrades across the portfolio, including modernized signage and landscaping, HVAC and roof replacements, and unit reconfigurations to align more closely with tenant demand for smaller suites ranging from 10,000 to 15,000 square feet.
“We’re thrilled to partner with the Foundry team as we enter the Orlando industrial market,” said Mason Waite, Managing Director of Asset and Portfolio Management at BKM Capital Partners. “Their dynamic culture and strong work ethic reflect our own, creating an ideal foundation for optimizing portfolio performance and establishing lasting relationships as we expand our footprint in this new region.”
Gridline Orlando is positioned to serve a wide range of tenants, from logistics and light manufacturing to local service providers. Foundry Commercial’s team will oversee lease-up efforts with a focus on long-term stability and maximizing the portfolio’s value. For leasing inquiries, call Ruby at 407-865-0311.
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Photo Attached: Renderings of the updated small bay industrial buildings at the recently renamed Gridline Orlando in the 33rd Street/McLeod submarket. (Provided by BKM Capital Partners)
About Foundry Commercial:
Foundry Commercial is a full-service commercial real estate services and investment company operating across office, industrial, retail, multi-family, healthcare, religious, and not-for-profit asset classes and clients. Focused on the Sun Belt markets, Foundry is sustained by more than 4,000 associates operating from 12 markets, providing leasing and management on more than 77 million square feet and over 4,590 seniors housing units, typically executing over $2 billion in leasing, tenant rep, and investment sale transactions annually. Foundry’s development and investment platform is fully integrated with its services business and is currently invested in over $4.8 billion in joint ventures with many of the best-known institutional investors in the country. For more information, visit www.foundrycommercial.com.
About BKM Capital Partners:
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 Western United States. Headquartered in Newport Beach, CA, with more than 100 employees in 15 offices, BKM implements a value-add strategy targeting under-managed and under-capitalized assets. Since 2013, BKM has invested nearly $5 billion in over 130 small and mid-bay light industrial properties comprising 25 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.