KKR has completed the acquisition of Park 8Ninety, a 12-building industrial logistics park in Houston, from Artis REIT for $234 million.
The approximately 1.8 million-square-foot (SF) master-planned park was completed in phases between 2017 and 2022. The 127-acre property boasts a diverse mix of class A single-tenant and multitenant modern logistics buildings, with clear heights ranging from 24 to 36 feet, catering to a variety of industrial uses. The park is strategically located in southwest Houston with direct access to Beltway 8 and other major interstate transportation routes.
"Park 8Ninety is a great addition to our national logistics portfolio and expands our footprint in Houston, which continues to benefit from strong demand fundamentals and comparatively lower supply than many other markets in the United States,” said Ben Brudney, a managing director in the real estate group at KKR who oversees the firm’s industrial investments in the United States. “Par
