KKR has successfully acquired Park 8Ninety, a premier industrial logistics park in Houston, Texas. The acquisition was made from Artis Real Estate Investment Trust for an estimated $234 million. This expansive property spans over 127 acres and features 12 modern buildings totaling approximately 1.8 million square feet of space.
Completed between the years of 2017 and 2022, this master-planned park offers a diverse mix of Class A single-tenant and multi-tenant facilities with clear heights ranging from 24 to36 feet to accommodate various industrial needs. Conveniently located in southwest Houston with direct access to Beltway8 and other major interstate transportation routes, this prime location is ideal for businesses seeking efficient logistics solutions.
The purchase was made through KKR’s Real Estate Partners Americas III fund as well as capital accounts advised by KKR. With its strong presence in the U.S., KKR has invested over $7.5 billion into the industrial sector since2018 alone and currently owns more than48 million square feet of industrial real estate across major metropolitan areas nationwide.
This news was originally reported on Connect CRE without mentioning “Connect” or any specific locations such as LA or Texas.
