Global investment firm KKR has aggressively expanded its industrial holdings with a number of significant industrial acquisitions this year. In the most recent purchase, KKR has acquired a 9.7 million-square-foot industrial portfolio for $835 million. The purchase grew the firm's holdings by nearly one-third, giving KKR a total of 30 million square feet in industrial assets.
KKR acquired the 9.7 million-square-foot portfolio through its Real Estate Partners Americas Fund II from High Street Logistics Properties. The properties are located near infill submarkets in Atlanta, Baltimore, Chicago, Central Florida, Dallas, Central Pennsylvania and South Florida.
KKR has been on an industrial buying spree this year, acquiring several industrial portfolios in the last few months alone. Earlier in December, KKR acquired two industrial distribution properties in Texas totaling approximately 1.8 million square feet for $171 million.
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Kelsi Maree Borland
