KKR invests in Inland Empire warehouse property

KKR has obtained 6300 Providence Way, a Class A warehouse assets located in Eastvale, California, a really infill submarket of the Inland Empire.

The setting up was sent in 2017 and totals approximately 281,000 square-toes (SF) of warehouse room with 32-foot crystal clear heights, a 148-foot truck court docket and ample trailer parking and dock superior doors. 6300 Providence Way is found in close proximity to I-15 and supplys obtain to big trucking routes, as effectively as being roughly just one hour from Los Angeles Worldwide Airport, the Port of Los Angeles and The Port of Very long Seashore.

“We are pleased to announce the acquire of 6300 Providence Way, an acquisition that provides to our Inland Empire footprint,” claimed Ben Brudney, a Director in the Genuine Estate team at KKR who oversees the firm’s industrial investments in the United States.

“We are continuing to make investments in substantial-high-quality industrial true estate in strategically located, irreplaceable areas which we feel will go on to keep on being a mission-significant portion of the offer chain for companies of all measurements,” he added.

KKR acquired the home by means of KKR Real Estate Associates Americas III, KKR’s Americas opportunistic equity authentic estate fund.