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9021 South Sam Houston Parkway West
SOLD

KKR Acquires Industrial Asset In Missouri City For $234M

9021 South Sam Houston Parkway West

Industrial
1,800,000 SF
clock iconSold 101 days ago
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Summary

Sale
TEXAS
Industrial
1,800,000 sqft

The industrial property located at 9021 South Sam Houston Parkway West in Missouri City was sold in a transaction involving Ben Brudney, Henry Kravis, and George Roberts from KKR as the buyers, acquiring the property from Samir Manji of Artis Real Estate Investment Trust. The sale price for this 127-acre asset was set at $234,000,000, with a total square footage of 1,800,000 and a price per square foot of $130. The property is an industrial complex fully leased to notable tenants such as Comcast and VWR International.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $234,000,000
  • Buyer: Ben Brudney, Henry Kravis & George Roberts - KKR
  • Seller: Samir Manji - Artis Real Estate Investment Trust
  • Broker: JLL
  • Address: 9021 South Sam Houston Parkway West
  • Market: Missouri City
  • Acres: 127
  • Square Footage: 1,800,000
  • Price Per Square Foot: $130

The acquisition of the Park 8Ninety industrial complex in Houston by KKR marks the second-largest warehouse deal in the area. This strategic move by KKR to expand its industrial portfolio in high-demand, low-supply markets aligns with their growth strategy. On the other hand, Artis Real Estate Investment Trust's decision to sell the property is part of its broader plan to liquidate assets amidst shifting market dynamics in Houston.

Details

Deal Summary
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SOLD
IMAGE: Ben Brudney, Henry Kravis, George Roberts & Samir Manji DATE: 04/10/2024 ADDRESS: 9021 South Sam Houston Parkway West MARKET: Missouri City ASSET TYPE: Industrial ~ ACRES: 127 BUYER: Ben Brudney, Henry Kravis & George Roberts - KKR SELLER: Samir Manji - Artis Real Estate Investment Trust BROKER: JLL (@JLL) SALE PRICE: $234,000,000 SF: 1,800,000 ~ PPSF: $130 NOTE: KKR recently acquired the Park 8Ninety industrial complex in Houston for $234 million, making it the second-largest warehouse deal in the area. The 1.8 million-square-foot complex, fully leased to tenants like Comcast and VWR International, aligns with KKR's strategy to expand its industrial portfolio in markets with high demand and low supply, while Artis Real Estate Investment Trust's sale of the property is part of its plan to liquidate assets amidst a changing market landscape in Houston.

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Address9021 South Sam Houston Parkway West

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