KKR has announced a significant expansion of its industrial real estate portfolio with the acquisition of six Class A logistics properties across major US Gateway and Sunbelt markets. The deal, valued at approximately $377 million, underscores KKR's focus on high-quality, strategically located assets.
The newly acquired portfolio comprises six modern industrial properties, boasting an average construction year of 2014 and featuring advanced logistics capabilities such as 35-foot average clear heights. The portfolio is fully leased to a diverse tenant base.
Situated in key infill submarkets, the properties are located in prominent logistics hubs, including Seattle, Atlanta, Philadelphia, New Jersey, and the San Francisco Bay Area.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
