KKR Grows First Investment Real Estate Industrial Portfolio in Leigh Valley Market in Pennsylvania
businesswire | December 15, 2020
KKR, a main worldwide speculation firm, today declared the obtaining of a 600,000 square foot mechanical dispersion property in Hamburg, Pennsylvania. The property is the principal procurement by KKR's land business in the Lehigh Valley market.
The resource is a best in class satisfaction focus finished in 2020, which is found only minutes from Allentown and offers superb network to New York and the more extensive Tri-State zone inside a two hour drive. The property was 100% rented at procurement to excellent occupant on a drawn out premise. KKR procured the resource from the engineer, the Keith Corporation.
“We are excited to expand our broader industrial footprint with our first acquisition in the Lehigh Valley market,” said Roger Morales, KKR Partner and Head of Commercial Real Estate Acquisitions in the Americas.
KKR is making the speculation through its center in addition to land system. Across its assets, KKR now possesses more than 31 million square feet of mechanical property in essential areas across significant metropolitan regions in the U.S. Since dispatching a devoted land stage in 2011, KKR has developed land AUM to roughly $14 billion across the U.S., Europe and Asia as of September 30, 2020. The worldwide land group comprises of more than 90 devoted venture experts, spreading over both the value and credit organizations.
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR