{"id":1004590732,"date":"2022-07-11T04:32:12","date_gmt":"2022-07-11T12:32:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004590732"},"modified":"2022-12-08T18:42:13","modified_gmt":"2022-12-09T02:42:13","slug":"kkr-pays-137m-for-inland-empire-warehouse","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kkr-pays-137m-for-inland-empire-warehouse\/","title":{"rendered":"KKR Pays $137M for Inland Empire Warehouse"},"content":{"rendered":"
\"\"<\/a>

6300 Providence Way<\/p><\/div>\n

KKR Real Estate Partners Americas III<\/strong>, a fund managed by KKR<\/strong>, has acquired a 281,000-square-foot warehouse in Eastvale, Calif. Parker House<\/strong> sold the property for $136.5 million, The Press-Enterprise <\/em>reported. <\/em>The asset last traded in 2017 for $23 million, according to CommercialEdge data.<\/p>\n

KKR\u2019s portfolio includes more than 45 million square feet of industrial space across several markets, totaling in excess of $7 billion in investments. The firm owns 20 properties and almost 1.3 million square feet of assets in California, according to CommercialEdge data. KKR is also planning major industrial ground-up developments<\/a>, totaling 1.8 million square feet, in Atlanta, Dallas, Denver and Orlando, Fla.<\/p>\n

\n

READ ALSO:<\/strong> The Impact of Interest Rates and Inflation on Industrial Real Estate<\/a><\/p>\n

\n

Completed in 2017, the property spans 11.9 acres and comprises a concrete building with 32-foot clear heights, a 148-foot truck court, loading doors, ESFR fire sprinklers, 52- by 60-foot bay spacing, trailer parking, as well as 238 parking spaces. Parker House Furniture is the single tenant of the building.<\/p>\n

Located at 6300 Providence Way within the Ontario Chino submarket, the warehouse is some 3.3 miles west of Interstate 15, offering access to major commercial routes, as well as the Los Angeles International Airport and the Port of Los Angeles. Other major companies in the area include Flex Logistics, Weber Logistics, Yamibuy Warehouse and Delta Electronics Ltd.<\/p>\n

The location is within walking distance of an industrial property acquired by Rexford Industrial<\/a> in March. The company’s buying spree at the time also included properties in the South Bay, San Fernando Valley and the L.A.\u2013Mid-Counties region.<\/p>\n","protected":false},"excerpt":{"rendered":"

Parker House sold the property after five years of ownership.<\/p>\n","protected":false},"author":2703,"featured_media":1004590741,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22251,21748,34027,21783,21742,15],"tags":[32883],"class_list":["post-1004590732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-focus","category-industrial","category-inland-empire","category-investment","category-latest","category-west","tag-kkr"],"acf":[],"yoast_head":"\nKKR Pays $137M for Inland Empire Warehouse - CPE<\/title>\n<meta name=\"description\" content=\"KKR Real Estate Partners Americas III, a fund managed by KKR, acquired a warehouse in Eastvale, Calif., from Parker House.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kkr-pays-137m-for-inland-empire-warehouse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KKR Pays $137M for Inland Empire Warehouse\" \/>\n<meta property=\"og:description\" content=\"KKR Real Estate Partners Americas III, a fund managed by KKR, acquired a warehouse in Eastvale, Calif., from Parker House.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kkr-pays-137m-for-inland-empire-warehouse\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-11T12:32:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:42:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/792784-e1657538439407.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"942\" \/>\n\t<meta property=\"og:image:height\" content=\"707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Olivia Bunescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kkr-pays-137m-for-inland-empire-warehouse\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kkr-pays-137m-for-inland-empire-warehouse\/\",\"name\":\"KKR Pays $137M for Inland Empire Warehouse - 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