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Sign in Sign up for a FREE subscriptionKKR expands industrial real estate footprint in Atlanta with KREST acquisition
KKR Real Estate Select Trust (KREST) has acquired a 1.1 million-square-foot, class A industrial warehouse at Southern Gateway at Lambert Farms in Atlanta (McDonough), Ga., from PNK Group, an international real estate developer implementing full-cycle industrial projects.
Completed in 2020, the warehouse is centrally located in Atlanta’s logistics corridor with convenient access to the airport, the Port of Savannah and downtown and midtown Atlanta. The state-of-the-art structure features 40-foot clear height and two 190-foot truck courts. The property is 100 percent triple-net-leased to two high-quality tenants, a leading publicly traded direct-to-consumer mattress company and a logistics and supply chain company, with a weighted average lease term of approximately 10 years.
“Today’s acquisition represents another important milestone for KKR as we continue to develop and diversify our industrial footprint and KREST portfolio,” said Ben Brudney, a director in the
