Deals
KKR Entering Outlet Business With $131.5 Million Center Purchase
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KKR & Co. is entering the outlet-center business with an agreement to buy Legends Outlets Kansas City for $131.5 million, gaining a retail property in a popular tourism district for less than replacement cost.
The investment firm was the winning bidder at a Jan. 25 foreclosure auction in Kansas City, Kansas, according to U.S. District Court records. The other bidders were Tanger Factory Outlet Centers Inc., Macerich Co., DRA Advisors LLC and outlet developer Craig Realty Group.