KKR Acquires Seven Industrial Assets for $272M
The class A properties total nearly 1.8 million square feet across the Dallas, Fort Worth and Atlanta markets.
NEW YORK, NY – Global investment firm KKR has acquired seven industrial buildings, totaling nearly 1.8 million square feet, in three separate transactions for a combined purchase price of $272 million.
The assets include class A properties in Dallas, Fort Worth and Atlanta.
The properties are currently leased to tenants including an ecommerce business, global logistics and manufacturing companies and a national health and beauty retailer.
Each of the three acquisition was made through KKR’s Americas opportunistic equity real estate fund, KKR Real Estate Partners Americas III. The purchases were completed during the past two months.
“We are pleased to add these high-quality assets to our industrial portfolio,” says Ben Brudney, real estate group director at KKR. “We continue to see strong demand in fast growing Sunbelt markets, particularly for new, state-of-the-art, class A product.”
Since 2018, KKR has committed or acquired $7 billion of logistics assets in the US industrial sector, and it currently owns more than 45 million square feet of industrial real estate in major US metropolitan areas.