KKR has acquired a 263,000 square foot industrial distribution property in Goodyear, Arizona.
The industrial property increases KKR’s industrial real estate footprint in the Phoenix, Arizona metropolitan statistical area (MSA) to over two million square feet.
“We continue to like high growth markets across the Sunbelt and are excited to further expand our presence in Phoenix with this high quality asset well suited to today’s logistics needs,” said Roger Morales, KKR Partner and Head of Commercial Real Estate Acquisitions in the Americas.
Located in close proximity to the I-10 interstate highway, a major cross-country trucking artery, the industrial property is modern fulfillment center completed in 2019 with state of the art physical features including 36’ clear height.
KKR acquired the 100% leased asset from the developers, Provident Real Estate Ventures and Merit Partners.