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Phoenix & Southwest  + Phoenix  + Industrial  | 

KKR Expands Metro PHX Footprint with $43M Goodyear Deal

New York-based KKR acquired a 263,000-square-foot industrial distribution property in Goodyear from developers, Provident Real Estate Ventures and Merit Partners, for nearly $43.2 million. The PV303 West II facility is occupied by a high quality, credit tenant in Daimler Trucks, which opened a parts distribution center in late 2019 to serve dealers in the Southwest.

The property at 17017 W. Indian School Rd. is a modern fulfillment center completed in 2019 near the I-10 freeway. The facility includes state-of-the-art physical features including 36-foot clear heights and was 100% leased at acquisition on a long-term basis.

KKR’s Roger Morales says, “We continue to like high growth markets across the Sunbelt and are excited to further expand our presence in Phoenix with this high-quality asset well suited to today’s logistics needs.”

The deal boosts KKR’s industrial footprint in the Phoenix MSA to more than two million square feet.

Cushman & Wakefield’s Will Strong, Greer Oliver, and Connor Nebeker-Hay brokered the deal.

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With KKR’s Roger MoralesConnect With Merit PartnersConnect With Provident Real Estate VenturesConnect With Cushman & Wakefield’s Strong

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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