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KKR grows real estate industrial portfolio in Atlanta for $136m
Transactions - NOVEMBER 23, 2020

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KKR grows real estate industrial portfolio in Atlanta for $136m

by Released

KKR has acquired four industrial distribution properties across the greater Atlanta metropolitan area for an aggregate purchase price of approximately $136 million.

The newly acquired properties consist of three high-quality, shallow-bay, last-mile distribution properties with an average vintage of 2006. The fourth property is a large, state-of-the-art fulfillment center completed in 2020, which is leased to a high-quality, investment-grade tenant on a long-term basis. Together, the four properties represent 1.6 million square feet. The properties were acquired from four different sellers.

“These acquisitions are part of our ongoing effort to expand our industrial portfolio across high growth Sunbelt markets,” said Roger Morales, KKR partner and head of commercial real estate acquisitions in the Americas.

“We are excited to increase our footprint in Atlanta, given the [market’s] strong supply-demand fundamentals and long-term growth trajectory,” said B

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