KKR Obtains Nashville Industrial Buildings for $76.2M

KKR has acquired a two-building Class A logistics property in the Nashville Airport submarket. KKR paid $76.2 million for the industrial campus, or $186 a square foot. The firm financed the purchase with a $42 million loan from Forethought. The seller was a joint venture between LRC Properties and Machine Investment Group.

The two-building logistics property is located adjacent to Nashville International Airport, with direct access to downtown Nashville and immediate proximity to the I-24, I-40, and I-65 major interstate trucking highways. The second of the two multi-tenant industrial buildings was completed in 2023. The property features 30-foot and 32-foot clear heights with cross-dock and rear-loading, excess power, and excellent access and site circulation. The property features Amazon as a tenant. 

“Nashville is continuing to experience outsized growth driven by favorable long-term demographic trends. We are pleased to add this high-quality asset to our portfolio, particularly given its airport adjacent location,” said KKR’s Ben Brudney.