KKR acquires industrial property in Tampa

KKR acquires industrial property in Tampa

KKR has acquired a 178,400 square foot industrial property in Tampa, Florida.

The industrial property is located in a highly infill location in East Tampa, approximately fifteen minutes from Tampa’s vibrant downtown, and was newly built in 2020 with state-of-the-art physical features including 32’ clear height.

The property was 100% leased at acquisition to three tenants.

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The acquisition expands KKR’s industrial real estate footprint in the greater Tampa market to 1.4 million square feet. The purchase price was not disclosed.

“We are long term believers in Florida’s continued growth story,” said Roger Morales, KKR Partner and Head of Commercial Real Estate Acquisitions in the Americas.

“The demographic growth in Tampa in particular has been impressive and we are delighted to add this well located, high quality asset to our portfolio,” he added.

Across its funds, KKR owns nearly 34 million square feet of industrial property in strategic locations across major metropolitan areas in the U.S.