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National  + Industrial  | 
Charleston Trade Center signage Summerville SC Benton Henry Photography

KKR Expands Industrial Portfolio by Nearly 2M SF

KKR Real Estate Select Trust (KREST) acquired two distribution properties totaling more than 1.9 million square feet in the Charleston, SC and Chicago markets, growing its logistics portfolio to approximately six million square feet. Deal terms weren’t disclosed. 

The additions to KREST’s portfolio include a one-million-square-foot warehouse within the Charleston Trade Center in Summerville, SC; and a three-building, 920,000-square-foot complex in Bolingbrook, IL.  

KREST acquired the Summerville property from the developer, a joint venture between The Keith Corporation and Singerman Real Estate. JLL represented the seller. 

The Bolingbrook property, including a cross-dock warehouse, a rear-load warehouse and a truck terminal, was also acquired from its developer, Crow Holdings Industrial. CBRE represented the seller. 

“High-quality logistics properties continue to be a key conviction for KREST as part of our strategic focus on investing in thematically driven, income-oriented real estate,” said Roger Morales, KKR’s head of real estate acquisitions in the Americas. 

Photo credit: Benton Henry Photography.


Inside The Story

KKR's Morales

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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