KKR sells 1.7msf Chicago industrial warehouse portfolio

KKR has sold a portfolio of distribution properties located in Chicago to a global investment manager.

The portfolio consists of 13 assets with approximately 1.7 million square feet of warehouse space and average clear heights of 24 feet. The properties are located in strategic infill locations across the Chicago metropolitan area.

“We continue to see strong demand for well-located, last mile logistics real estate across Chicago,” said Ben Brudney, a director in the real estate group at KKR who oversees the firm’s industrial investments in the United States. “We are very pleased to deliver this portfolio of high-quality assets to new owners who share our conviction in the market.”