U.S.-based investment firm KKR has acquired two industrial distribution properties in major markets of Chicago and Charlotte.
The properties, totaling about 2.5 million square feet, were 100 percent leased at the time of the acquisition.
KKR bought the assets via separate transactions with two different undisclosed sellers for a total purchase price of $260 million.
The two properties, which are state of the art fulfillment centers with an average vintage 2017, are the first industrial properties acquired by KKR’s core plus real estate strategy.