KKR has acquired two industrial properties – one located in Georgia and one in Texas. The properties serve the Atlanta and Dallas-Fort Worth metropolitan areas and were acquired in two separate transactions from two separate buyers for a total purchase price of approximately $300 million.
The Atlanta property is located in Buford, GA and consists of four newly constructed Class A industrial warehouses totaling 1.1 million square feet. The property is adjacent to I-85, an important regional trucking route. The buildings are leased to a diverse mix of high-quality tenants.
The SouthPointe acquisition includes two Class A industrial warehouse buildings in south Dallas built in 2017 totaling approximately 1.0 million square feet. The property is located at the intersection of I-35E and I-20, in the greater DFW metroplex. The two buildings were 100% leased to three tenants at acquisition.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
