KKR expands U.S. industrial property portfolio

KKR has acquired two class A industrial distribution buildings totaling 928,270 square feet. The assets are part of KKR’s Alpha Industrial Properties portfolio, a 7 million-square-foot portfolio across eight high-growth markets in the United States.

The buildings are located in Inland Empire, Calif., and in Lakeland, Fla., important national distribution nodes for a variety of tenants serving two of the fastest growing regions in the United States: the Southeast and the West. The properties were both recently completed and acquired directly from their respective developers.

“We are excited to add these buildings to our growing industrial portfolio and to be making our second acquisition in both Inland Empire and Central Florida, two very attractive markets for us given strong industrial supply-demand fundamentals,” said Roger Morales, KKR member and head of commercial real estate acquisitions in the Americas.

KKR is making the investment through its Real E