Investment firm KKR has acquired a two-building logistics property in Southeastern US.
The firm has invested an unspecified amount to acquire the Class A logistics property in the Nashville Airport submarket. KKR said it is making the investment through capital accounts advised by KKR.
Ben Brudney, an MD in the real estate group at KKR who oversees the firm’s US industrial investments, said: “2 Dell Parkway is an exceptional property that aligns with our long-time strategy of investing in strategically-located, modern logistics assets with flexible spaces that deliver great value to a wide range of quality tenants.
“Nashville is continuing to experience outsized growth driven by favourable long-term demographic trends and has been a successful market for our industrial strategy. We are pleased to add this high-quality asset to our portfolio, particularly given its airport adjacent location.”
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