KKR & Co. Sells 5M SF Industrial Portfolio For $560M

KKR & Co., a prominent investment firm, has recently completed the sale of a substantial industrial property portfolio. This extensive portfolio encompasses over 5 million square feet of industrial space and has been sold for an impressive price of $560 million. The portfolio consists of more than 50 industrial buildings located in various thriving markets across the United States, including Atlanta, Dallas-Fort Worth, Chicago, Lehigh Valley, and Central Pennsylvania. This successful transaction underscores the robust demand for warehouses and logistics facilities, which has further intensified due to the accelerated shift towards online shopping amidst the ongoing pandemic.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $560,000,000
• Square Footage: 5,000,000
• Price per Square Foot: $112
• Market: Atlanta, Dallas-Fort Worth, Chicago, Lehigh Valley & Central Pennsylvania

Roger Morales, the representative of KKR & Co., played a key role in facilitating this noteworthy transaction. Through their comprehensive expertise and diligent efforts, Morales ensured the successful sale of this expansive industrial property portfolio. This significant deal exemplifies KKR & Co.'s commitment to capitalizing on lucrative real estate opportunities, ultimately generating substantial value for their clients.