KKR adds to industrial real estate portfolio with eye on e-commerce trends

KKR announced that it has acquired two industrial distribution properties totaling 2.5 million square feet for an aggregate purchase price of approximately $260 million.

The properties in Chicago and Charlotte are the first industrial properties acquired by KKR’s core plus real estate strategy.Both properties are fulfillment centers with an average vintage 2107. Officials added that they were 100% leased as of acquisition to a high quality, investment grade tenancy on a long-term basis. The properties were acquired through separate transactions with two different sellers.

“We are excited to increase our footprint . . .

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