KKR has acquired two industrial properties in Georgia and one in Texas.
The properties serve the Atlanta and Dallas–Fort Worth (DFW) metropolitan areas and were acquired in two separate transactions from two buyers for a total purchase price of approximately $300 million.
The Georgia property is in Buford and consists of four newly constructed class A industrial warehouses totaling 1.1 million square feet. The property is adjacent to Interstate 85, an important regional trucking route. The buildings are leased to a diverse mix of high-quality tenants.
The SouthPointe acquisition includes two class A industrial warehouse buildings in south Dallas built in 2017 totaling approximately 1.0 million square feet. The property is located at the intersection of I-35E and I-20, important arteries for the greater DFW metroplex. The two buildings were 100 percent leased to three tenants at acquisition.
“We are very pleased to further expand our existing industr