KKR acquires Class A logistics property in Nashville Airport submarket, no term

KKR 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.”