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Texas  + Industrial  | 

KKR Bulks Up Industrial Portfolio with Buy from Hines

KKR has acquired two industrial distribution properties in Texas totaling approximately 1.8 million square feet for an aggregate purchase price of approximately $171 million. The seller was Hines, which developed both properties.

The newly acquired properties are located in the Dallas and Houston metro areas. Dating from 2019, the properties were 100% leased at acquisition to two different investment-grade tenants on a long-term basis.

“As more consumers migrate to shopping online and expect a seamless delivery experience, the demand for modern logistics real estate in major markets continues to grow,” said Roger Morales, KKR partner and head of commercial real estate acquisitions in the Americas.
The two properties are the latest industrial assets acquired by New York City-based KKR’s core-plus real estate strategy, growing its total industrial portfolio to approximately 7.2 million square feet.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition