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KKR acquires office campus in Austin, Texas, for $258M

KKR & Co. Inc. acquired the 688,100-square-foot Riata Corporate Park in Austin, Texas, for approximately $258 million.

The acquisition of the eight-building class A office campus includes an adjacent land site that is entitled for a ninth office building.

KKR plans to carry out an $11 million capital improvement program at the campus, including adding amenities ranging from fitness centers to outdoor plazas.

The investment is being made through Real Estate Partners Americas Fund II.