New York (June 23, 2026) – BGO, a leading global real estate investment manager, announced today the acquisition of Heritage West, a newly constructed Class A industrial portfolio totaling 299,520 square feet in Katy, Texas, within the West Houston industrial submarket. The portfolio, majority owned by BGO, was acquired through a joint venture with Harbor Capital, an Austin-based vertically integrated industrial real estate investor and operator.
Completed in 2026, the portfolio includes two front-load industrial buildings: Building 2, totaling 90,480 square feet with 32-foot clear heights, and Building 3, totaling 209,040 square feet with 36-foot clear heights. Both buildings feature institutional-grade specifications, including tilt-wall construction, 59 dock doors, 130- to 190-foot concrete truck courts, 256 parking spots and 49 trailer stalls. Heritage West was 100% preleased at closing.
“The acquisition of Heritage West reflects our conviction in high-quality industrial assets in growth-oriented U.S. logistics markets,” said Karen Guthrie, Managing Director, BGO. “We believe the portfolio offers an attractive combination of Class A building functionality, tenant certainty, and long-term market fundamentals in one of Houston’s most important distribution corridors.”
Located in West Houston with immediate access to Interstate 10 and proximity to the Port of Houston, the portfolio is positioned to serve the Houston metropolitan area while providing connectivity to San Antonio, Austin, and broader regional distribution networks. The West Houston industrial submarket continues to demonstrate strong leasing momentum, limited new supply, and vacancy below the broader market average.
The off-market transaction was sourced in partnership with Harbor Capital and represents the third acquisition for BGO Industrial Strategies II. Originally structured as a forward acquisition, Heritage West provides BGO with exposure to newly delivered logistics assets acquired at an attractive basis relative to replacement cost and recently traded stabilized industrial properties.
Seyfarth Shaw LLP acted as legal counsel for BGO.
About BGO
BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $89 billion USD of assets under management (as of March 31, 2026) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 25 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.
The assets under management shown above includes real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bgo.com
About Harbor Capital
Harbor Capital is an independent real estate investment firm focused exclusively on industrial assets in Texas, with more than $545 million in transaction volume across the state. The firm delivers institutional-quality execution with the speed and focus of a nimble team, acquiring industrial properties across Houston, Dallas-Fort Worth, San Antonio, and Laredo. Harbor Capital’s approach combines deep market relationships, boots-on-the-ground expertise in every major Texas market, and a disciplined focus on the industrial segment to identify opportunities others don’t see. For more information, visit www.harborcap.com
Media Contact
Shayla Schipper
Director of Communications, BGO
media@bgo.com
Morgan Allen
Chief of Staff
investors@harborcap.com