KKR makes third industrial acquisition in Denver market this year

KKR makes third industrial real estate acquisition in Denver market

KKR has made its third industrial real estate acquisition in the Denver market this year.

The company acquired Park 70, a Class A industrial building totaling approximately 164,000 square feet located in Aurora, Colorado.

Park 70 was completed in 2020 and features 32’ clear height and 185’ truck court depth. It is located 20 miles from downtown Denver at the intersection of Interstate 70 and E-470 in Denver’s northeast industrial submarket.

“We continue to view the Denver market as a long-term winner with attractive demographic tailwinds,” said Ben Brudney, a Director in the Real Estate group at KKR. “We are thrilled to expand our industrial real estate portfolio in the market with this high quality asset.”

Across its funds, KKR owns over 35 million square feet of industrial property in strategic locations across major metropolitan areas in the U.S.