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.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.