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KKR Picks Up More Texas Industrial Assets
KKR’s latest Lancaster, Texas acquisition is at least their third this calendar year. Barings sold the fully leased one million square foot Southpointe 20/35 to KKR
Shortly after the acquisition, KKR landed a $126.2 million loan for the property from Wells Fargo Bank.
Located at 2821 and 2935 Danielle Road, the two-building Southpoint 20/35 includes a 36-foot clear height and another with 32-foot clear height on more than 58 acres. Built in 2016, the project has a total of 196 dock-high and four grade-level loading doors.
Besides the Lancaster purchase, KKR acquired Corner Ridge Crossing in San Antonio in June and Alliance Northport in Northlake in March. The three-building property occupies 62 acres within AllianceTexas.
KKR has invested $7 billion in industrial properties over the last four years.
- ◦Sale/Acquisition
