KKR Acquires Houston Logistics Park for $234M, Expanding Industrial Portfolio
Portfolio Pulse from Benzinga Newsdesk
KKR has acquired Park 8Ninety, a 12-building industrial logistics park in Houston, Texas, from Artis REIT for $234 million. This acquisition expands KKR's industrial portfolio, which now includes over 48 million square feet of industrial real estate in major U.S. metropolitan areas.
July 15, 2024 | 11:02 am
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KKR has acquired Park 8Ninety, a 12-building industrial logistics park in Houston, Texas, for $234 million. This acquisition is part of KKR's strategy to expand its industrial portfolio, which now includes over 48 million square feet of industrial real estate in major U.S. metropolitan areas.
The acquisition of Park 8Ninety enhances KKR's industrial portfolio, which is likely to positively impact its stock price in the short term due to the strategic expansion and strong demand fundamentals in the Houston market.
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