KKR has acquired 101 at Van Buren, a newly constructed industrial park consisting of two Class A buildings located in Phoenix's Southwest Valley industrial submarket. The property was purchased from a real estate fund advised by Crow Holdings Capital and Seefried Industrial Properties for $90 million. The acquisition grows KKR's portfolio of industrial real estate across the Phoenix market to nearly three million square feet.

The property is located near major transportation nodes, including Interstate Highway 10 and Arizona State Route 101, and has over 600,000 square feet of space with physical features designed for multi-tenant occupancy. The buildings were delivered in June 2022 and feature 135-+ foot truck courts and 36 foot clear heights.

The purchases were made through KKR Real Estate Partners Americas III, KKR's Americas opportunistic equity real estate fund. Across its funds in the U.S., KKR has committed or acquired approximately $7 billion of logistics assets in the industrial sector since 2018 and currently owns over 45 million SF of industrial real estate in major U.S. metropolitan areas.