Northeast

The assets will join KKR's Alpha Industrial Properties portfolio, bringing the total portfolio to ten million square feet across eight high-growth markets in the U.S.

The development will grant access to Mott Haven's waterfront for the first time in more than a century through the creation of a 34,000 square foot public waterfront and promenade.

Investors busy making net lease investments range from strictly passive and "hands-off" investors to highly sophisticated privately and publicly held real estate operators who see the asset type as consistent in generating levered and un-levered yields.

The sale kicks off the REIT's shift in focus to its experiential real estate, which will include casino assets.

Grady has been with PIDC, the non-profit, economic development partnership founded by the city and Chamber of Commerce, for 21 years.

Overall, the outlook captured in the Real Estate Roundtable's 2019 Q4 Economic Sentiment Index was bright.

The 10-story property was sold to a private investor for $11.6 million, according to Gebroe-Hammer's David Oropeza, who represented the seller and procured the buyer of the 76-unit property.

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