KKR Acquires Nashville Logistics Property
May 13 2024 - 7:00AM
Business Wire
KKR, a leading global investment firm, today announced that KKR
has acquired a two-building Class A logistics property in the
Nashville Airport submarket. Terms of the transaction were not
disclosed.
The two-building logistics property is strategically located
adjacent to Nashville International Airport, with direct access to
downtown Nashville and immediate proximity to the I-24, I-40, and
I-65 major interstate trucking highways. The second of the two
multi-tenant industrial buildings was completed in 2023. The
property features 30-foot and 32-foot clear heights with cross-dock
and rear-loading, excess power, and excellent access and site
circulation.
“2 Dell Parkway is an exceptional property that aligns with our
long-time strategy of investing in strategically-located, modern
logistics assets with flexible spaces that deliver great value to a
wide range of quality tenants,” said Ben Brudney, a Managing
Director in the Real Estate group at KKR who oversees the firm’s
industrial investments in the United States. “Nashville is
continuing to experience outsized growth driven by favorable
long-term demographic trends and has been a successful market for
our industrial strategy. We are pleased to add this high-quality
asset to our portfolio, particularly given its airport adjacent
location.”
KKR is making this investment through capital accounts advised
by KKR. KKR’s global real estate business invests in high-quality,
thematic real estate through a full range of scaled equity and debt
strategies. Managing $69 billion in assets as of December 31, 2023,
KKR’s more than 150 dedicated real estate investment and asset
management professionals across 16 offices apply the capabilities
and knowledge of KKR’s global platform to deliver outcomes for
clients and investors.
About KKR
KKR is a leading global investment firm that offers alternative
asset management as well as capital markets and insurance
solutions. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and supporting growth in its portfolio
companies and communities. KKR sponsors investment funds that
invest in private equity, credit and real assets and has strategic
partners that manage hedge funds. KKR’s insurance subsidiaries
offer retirement, life and reinsurance products under the
management of Global Atlantic Financial Group. References to KKR’s
investments may include the activities of its sponsored funds and
insurance subsidiaries. For additional information about KKR &
Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com.
For additional information about Global Atlantic Financial Group,
please visit Global Atlantic Financial Group’s website at
www.globalatlantic.com.
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