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KKR Snaps Up National Industrial Portfolio for $377M
KKR said Monday afternoon it had acquired a portfolio of six well-located, Class A industrial logistics properties in major U.S. gateway and Sunbelt markets for approximately $377 million. The New York City-based investment firm didn’t disclose the seller or sellers.
The portfolio is 100% leased to a high-quality tenant mix. The assets are strategically located in infill submarkets across several major markets, including Seattle, Atlanta, Philadelphia, New Jersey and the San Francisco Bay Area.
“We are excited to purchase these six well positioned properties as we continue to grow our national portfolio of well-diversified, carefully selected industrial assets,” said Ben Brudney, managing director in the real estate group at KKR. “We think high quality assets in infill locations near diverse demand drivers and accommodative labor forces will be increasingly difficult to reproduce in the coming years.”
The purchase follows KKR’s recent industrial investments in Nashville, Dallas and Houston. The addition of this approximately two-million-square-foot portfolio brings KKR’s total warehouse acquisitions in the U.S. to nearly six million square feet since 2024 began.
- ◦Sale/Acquisition