{"id":1004335406,"date":"2019-07-01T00:52:25","date_gmt":"2019-07-01T08:52:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004335406"},"modified":"2019-07-01T00:52:25","modified_gmt":"2019-07-01T08:52:25","slug":"kkr-buys-566-ksf-multi-state-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kkr-buys-566-ksf-multi-state-industrial-portfolio\/","title":{"rendered":"KKR Buys 566 KSF Multi-State Industrial Portfolio"},"content":{"rendered":"
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Image via Pixabay<\/em><\/p><\/div>\n

KKR has acquired five industrial distribution properties totaling 565,644 square feet. The buildings have joined KKR\u2019s Alpha Industrial Properties portfolio, which now totals 8 million square feet across eight high-growth markets in the U.S. KKR made the investment through its Real Estate Partners Americas Fund II.<\/p>\n

The properties are shallow-bay, \u201clast mile,\u201d light industrial warehouses in San Diego, Baltimore and Huntington Beach, Calif. Their average vintage is 1995, while their overall occupancy is 91 percent. The properties were acquired from three different sellers.<\/p>\n

KKR did not respond to Commercial Property Executive<\/em>\u2019s request for additional information.<\/p>\n

All eyes on vacancy <\/h2>\n

Though the U.S. industrial real estate market was sailing steadily in the first quarter, players are keeping a close watch on leasing activity, given concerns about economic and trade factors, as well as an increase of 10 basis points in the average nationwide vacancy, which rose to 5.0 percent, according to a first-quarter market report from JLL.<\/p>\n

Still, \u201cvacancy continues to be near all-time historic lows,\u201d<\/em> JLL noted, and most industrial markets saw rent growth.<\/p>\n

Three trends bear watching, says JLL:<\/p>\n