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NEW YORK, August 09, 2021--(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.
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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