Industrial

The assets will join KKR's Alpha Industrial Properties portfolio, bringing the total portfolio to ten million square feet across eight high-growth markets in the U.S.

The Rebuild Illinois capital program invested $122 million to fully complete the Springfield Rail Improvement Project, including nearly $30 million to begin this phase of the project.

The REIT also has acquired two cold-storage properties in Maryland and Pennsylvania for $54 million.

American Water also announced it had reached an agreement to sell its Keystone Clearwater Solutions operations of Hershey, PA to SC Water LLC, a College Station, PA-based natural gas and oil industry investment group.

The portfolio includes office and industrial properties Chandler Corporate Center IV, Chandler Crossroads and land at Chandler Crossroads.

Industrial investors are bullish on industrial fundamentals and the new USMCA trade agreement.

Commercial brokerage firm CBRE reports that the firm, which specializes in commerce fulfillment, omni-channel distribution and reverse logistics, has committed to an industrial lease of 249,853 square feet at the property.

The developer plans to redevelop the existing manufacturing and distribution center on the site.