KKR acquires seven industrial buildings for $272m

KKR has purchased seven industrial distribution buildings totaling nearly 1.8 million square feet (SF) serving the Dallas, Fort Worth and Atlanta markets.

The assets were acquired in three separate transactions with different sellers for an aggregate purchase price of approximately $272 million.

The purchases were completed over the past two months and include high-quality, class-A assets in Dallas, Fort Worth and Atlanta – all high-growth markets benefitting from strong and diverse tenant demand. The tenant mix across the properties includes a leading ecommerce business, global logistics and manufacturing companies and a national health and beauty retailer.

“We continue to see strong demand in fast growing Sunbelt markets, particularly for new, state-of-the-art, class A product,” said Ben Brudney, a director in the real estate group at KKR who oversees the firm’s industrial investments in the United States.

All three purchases were made through K