KKR has acquired a 600,000-square-foot industrial distribution property in Hamburg, Pa. The property is the first acquisition by KKR’s real estate business in the Lehigh Valley industrial market.
The asset is a state of the art fulfillment center completed in 2020, which is located just minutes from Allentown, Pa., and offers excellent connectivity to New York City and the broader Tri-State area within a two-hour drive. The property was 100 percent leased at acquisition to a high-quality tenant on a long-term basis. KKR acquired the asset from the developer, the Keith Corp.
