KKR Buys Newly Completed Industrial Park in Phoenix’s Southwest Valley for $90M

PHOENIX — KKR has acquired 101 at Van Buren, a newly constructed industrial park in Phoenix’s Southwest Valley industrial submarket. A real estate fund advised by Crow Holdings Capital and Seefried Industrial Properties sold the asset for $90 million.

Completed in June 2022, the two-building park features more than 600,000 square feet of multi-tenant industrial space. The buildings feature 135-foot truck courts and 36-foot clear heights.

With this acquisition, KKR now owns nearly 3 million square feet of industrial space across the Phoenix market.