KKR Grows Industrial Footprint in Denver with Purchase of Park 70
August 09 2021 - 7:00AM
Business Wire
KKR, a leading global investment firm, today announced that KKR
has acquired Park 70, a Class A industrial building totaling
approximately 164,000 square feet located in Aurora, Colorado. The
purchase is KKR’s third industrial real estate acquisition in the
Denver market this year and was made through KKR’s Americas
opportunistic equity real estate strategy.
Park 70 was completed in 2020 and features 32’ clear height and
185’ truck court depth. It is located 20 miles from downtown Denver
at the intersection of Interstate 70 and E-470 in Denver’s
northeast industrial submarket.
“We continue to view the Denver market as a long-term winner
with attractive demographic tailwinds,” said Ben Brudney, a
Director in the Real Estate group at KKR. “We are thrilled to
expand our industrial real estate portfolio in the market with this
high quality asset.”
Across its funds, KKR owns over 35 million square feet of
industrial property in strategic locations across major
metropolitan areas in the U.S. Since launching a dedicated real
estate platform in 2011, KKR has grown real estate assets under
management to approximately $32 billion across the U.S., Europe and
Asia as of June 30, 2021. KKR’s global real estate team consists of
over 110 dedicated investment professionals, spanning both the
equity and credit business, across 11 offices and eight
countries.
About KKR
KKR is a leading global investment firm that offers alternative
asset management and 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 The 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 and on
Twitter @KKR_Co.
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Cara Major and Miles Radcliffe-Trenner 212-750-8300
media@kkr.com
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