KKR invests in Inland Empire warehouse property

KKR invests in Inland Empire warehouse property

KKR has acquired 6300 Providence Way, a Class A warehouse property located in Eastvale, California, a highly infill submarket of the Inland Empire.

The building was delivered in 2017 and totals approximately 281,000 square-feet (SF) of warehouse space with 32-foot clear heights, a 148-foot truck court and ample trailer parking and dock high doors. 6300 Providence Way is located in close proximity to I-15 and offers access to major trucking routes, as well as being approximately one hour from Los Angeles International Airport, the Port of Los Angeles and The Port of Long Beach.

“We are pleased to announce the purchase of 6300 Providence Way, an acquisition that adds to our Inland Empire footprint,” said Ben Brudney, a Director in the Real Estate group at KKR who oversees the firm’s industrial investments in the United States.

“We are continuing to invest in high-quality industrial real estate in strategically located, irreplaceable locations which we believe will continue to remain a mission-critical part of the supply chain for businesses of all sizes,” he added.

KKR acquired the property through KKR Real Estate Partners Americas III, KKR’s Americas opportunistic equity real estate fund.