KKR acquires 12-building, industrial Logistics Park in Houston from Artis REIT for $234M ($130.00psf)

KKR has completed the acquisition of Park 8Ninety, a 12-building industrial logistics park in Houston, from Artis REIT for $234 million. The approximately 1.8 million-square-foot (SF) master-planned park was completed in phases between 2017 and 2022. The 127-acre property boasts a diverse mix of class A single-tenant and multitenant modern logistics buildings, with clear heights ranging from 24 to 36 feet, catering to a variety of industrial uses. The park is strategically located in southwest Houston with direct access to Beltway 8 and other major interstate transportation routes.

KKR & Co Inc. (NYSE: KKR)
Roger Morales | Partner, Head of CRE Acquisitions

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