KKR Acquires Six Class A Industrial Logistics Properties for $377 Million

Author

Slice of Real Estate Team
August 21, 2024

Key Highlights:

  • KKR acquires six Class A industrial logistics properties in key U.S. markets for $377 million.

  • The portfolio features modern warehouses with state-of-the-art amenities and an average vintage of 2014.

  • Properties are located in Seattle, Atlanta, Philadelphia, New Jersey, and the San Francisco Bay Area.

  • The acquisition increases KKR's total U.S. warehouse assets to nearly six million SF in 2024.

Source (Business Wire)

Notable Quote:

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“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.”

Ben Brudney, Managing Director in the Real Estate group at KKR

Our Take:

This strategic acquisition by KKR highlights the firm's continued focus on expanding its footprint in key logistics hubs across the United States. By targeting well-located, Class A industrial properties with modern features, KKR is positioning itself to meet the evolving demands of the logistics sector, driven by e-commerce growth and supply chain efficiency. The emphasis on infill locations and high-quality tenant mixes underscores KKR’s disciplined approach to building a resilient and high-performing industrial portfolio in a competitive market.