KKR Drops $43.5M On Rockefeller Group Industrial Building

Law360 (January 30, 2019, 3:14 PM EST) -- New York City-based real estate developer Rockefeller Group on Wednesday said it has sold a nearly 407,000-square-foot industrial building in California to private equity giant KKR for $43.5 million.

Rockefeller, a subsidiary of Japanese developer Mitsubishi Estate Co. Ltd., said Wednesday that the sale of the industrial distribution building is the second time a building has been completed and sold at the 1.45-million-square-foot industrial complex in Perris, California, known as the Optimus Logistics Center.

The previous sale was inked when Ferguson Enterprises bought a 1.04-million-square-foot distribution building in September, the same month construction on the logistics center was finished.

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