KKR To Expand Industrial Real Estate Portfolio

By Sloan T. Wilson, The Chicago Times

July 9, 2022

NEW YORK — Kohlberg Kravis Roberts & Co. Inc. announced the purchase of 6300 Providence Way, a Class A warehouse property located in Eastvale, California.

According to KKR, the property totals 281,000 square-feet of warehouse space with 32-foot clear heights.  The property also features a 148-foot truck court and trailer parking. 6300 Providence Way is located in close proximity to I-15 with access to major trucking routes.  The warehouse is also 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.  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.” said Ben Brudney, a Director in the Real Estate group at KKR in a press release.

According to the press release, KKR purchased the property via KKR Real Estate Partners Americas III.  Since 2018, KKR has committed or purchased $7 billion of logistics assets since 2018 and owns over 45 million square-feet of industrial real estate in major U.S. cities.