KKR Buys Two Industrial Properties in Georgia and Texas for $300M
Total purchase price equals approximately $300 million.
KKR has acquired two industrial properties – one located in Georgia and one in Texas. The properties serve the Atlanta and Dallas-Fort Worth metropolitan areas and were acquired in two separate transactions from two separate buyers for a total purchase price of approximately $300 million.
The Atlanta property is located in Buford, GA and consists of four newly constructed Class A industrial warehouses totaling 1.1 million square feet. The property is adjacent to I-85, an important regional trucking route. The buildings are leased to a diverse mix of high-quality tenants.
The SouthPointe acquisition includes two Class A industrial warehouse buildings in south Dallas built in 2017 totaling approximately 1.0 million square feet. The property is located at the intersection of I-35E and I-20, in the greater DFW metroplex. The two buildings were 100% leased to three tenants at acquisition.
The purchases were made through KKR’s Americas core plus equity real estate strategy. Across its funds in the U.S., KKR has committed or acquired approximately $7 billion of logistics assets in the industrial sector since 2018 and currently owns over 45 million SF of industrial real estate in major U.S. metropolitan areas.