{"id":525151,"date":"2021-08-09T07:03:22","date_gmt":"2021-08-09T11:03:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-grows-industrial-footprint-in-denver-with-purchase-of-park-70\/"},"modified":"2021-08-09T07:03:22","modified_gmt":"2021-08-09T11:03:22","slug":"kkr-grows-industrial-footprint-in-denver-with-purchase-of-park-70","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-grows-industrial-footprint-in-denver-with-purchase-of-park-70\/","title":{"rendered":"KKR Grows Industrial Footprint in Denver with Purchase of Park 70"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>KKR Grows Industrial Footprint in Denver with Purchase of Park 70<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nKKR, 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\u2019s third industrial real estate acquisition in the Denver market this year and was made through KKR\u2019s Americas opportunistic equity real estate strategy.\n<\/p>\n<p>\nPark 70 was completed in 2020 and features 32\u2019 clear height and 185\u2019 truck court depth. It is located 20 miles from downtown Denver at the intersection of Interstate 70 and E-470 in Denver\u2019s northeast industrial submarket.\n<\/p>\n<p>\n\u201cWe continue to view the Denver market as a long-term winner with attractive demographic tailwinds,\u201d said Ben Brudney, a Director in the Real Estate group at KKR. \u201cWe are thrilled to expand our industrial real estate portfolio in the market with this high quality asset.\u201d\n<\/p>\n<p>\nAcross 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\u2019s global real estate team consists of over 110 dedicated investment professionals, spanning both the equity and credit business, across 11 offices and eight countries.\n<\/p>\n<p><b>About KKR<\/b><\/p>\n<p>\nKKR 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\u2019s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR\u2019s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR &amp; Co. Inc. (NYSE: KKR), please visit KKR\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.kkr.com&amp;esheet=52473526&amp;newsitemid=20210809005198&amp;lan=en-US&amp;anchor=www.kkr.com&amp;index=1&amp;md5=8906fd9d2e08d99597f79cf2c950abe8\">www.kkr.com<\/a> and on Twitter @KKR_Co.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210809005198r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210809005198\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210809005198\/en\/<\/a><\/span><\/p>\n<p>\nCara Major and Miles Radcliffe-Trenner<br \/>\n<br \/>212-750-8300<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:media@kkr.com\">media@kkr.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York Colorado<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210809005198\/en\/802367\/3\/kkr-logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>KKR Grows Industrial Footprint in Denver with Purchase of Park 70 NEW YORK&#8211;(BUSINESS WIRE)&#8211; 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\u2019s third industrial real estate acquisition in the Denver market this year and was made through KKR\u2019s Americas opportunistic equity real estate strategy. Park 70 was completed in 2020 and features 32\u2019 clear height and 185\u2019 truck court depth. It is located 20 miles from downtown Denver at the intersection of Interstate 70 and E-470 in Denver\u2019s northeast industrial submarket. \u201cWe continue to view the Denver market as a long-term winner with attractive demographic tailwinds,\u201d &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-grows-industrial-footprint-in-denver-with-purchase-of-park-70\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;KKR Grows Industrial Footprint in Denver with Purchase of Park 70&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-525151","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>KKR Grows Industrial Footprint in Denver with Purchase of Park 70 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-grows-industrial-footprint-in-denver-with-purchase-of-park-70\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KKR Grows Industrial Footprint in Denver with Purchase of Park 70 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"KKR Grows Industrial Footprint in Denver with Purchase of Park 70 NEW YORK&#8211;(BUSINESS WIRE)&#8211; 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\u2019s third industrial real estate acquisition in the Denver market this year and was made through KKR\u2019s Americas opportunistic equity real estate strategy. Park 70 was completed in 2020 and features 32\u2019 clear height and 185\u2019 truck court depth. It is located 20 miles from downtown Denver at the intersection of Interstate 70 and E-470 in Denver\u2019s northeast industrial submarket. \u201cWe continue to view the Denver market as a long-term winner with attractive demographic tailwinds,\u201d &hellip; Continue reading &quot;KKR Grows Industrial Footprint in Denver with Purchase of Park 70&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-grows-industrial-footprint-in-denver-with-purchase-of-park-70\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-09T11:03:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210809005198r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-grows-industrial-footprint-in-denver-with-purchase-of-park-70\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-grows-industrial-footprint-in-denver-with-purchase-of-park-70\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"KKR Grows Industrial Footprint in Denver with Purchase of Park 70\",\"datePublished\":\"2021-08-09T11:03:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-grows-industrial-footprint-in-denver-with-purchase-of-park-70\\\/\"},\"wordCount\":405,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-grows-industrial-footprint-in-denver-with-purchase-of-park-70\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210809005198r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-grows-industrial-footprint-in-denver-with-purchase-of-park-70\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-grows-industrial-footprint-in-denver-with-purchase-of-park-70\\\/\",\"name\":\"KKR Grows Industrial Footprint in Denver with Purchase of Park 70 - 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