BGO and its joint venture partner Harbor Capital have acquired a significant portion of Heritage West, a newly built Class A industrial portfolio in Katy, Texas. The portfolio totals 299,520 square feet, and the assets involved in the transaction were fully preleased at the time of closing. The acquisition was completed as an off-market transaction, underscoring the parties’ ability to secure stabilized industrial product outside of a broadly marketed process.
Heritage West was developed by InSite Realty and The Urban Cos. along Heritage W. Drive in Katy, at addresses ranging from 1045 to 1085. The industrial campus consists of three speculative buildings, of which the joint venture acquired two, identified as Building 2 and Building 3. Both buildings were recently completed and delivered as modern Class A warehouse facilities aimed at meeting contemporary logistics and industrial requirements.
Building 2 was completed in 2026 and totals 90,480 square feet. It features 32-foot clear heights, aligning with the expectations for functional, high-bay warehouse and distribution space. Building 3, also completed in 2026, totals 209,040 square feet and offers 36-foot clear heights, providing additional vertical storage capacity and flexibility for industrial users.
The Heritage West campus is located just off Interstate 10 and U.S. Route 90, positioning the property roughly 35 miles west of Houston. This location provides connectivity to major regional transportation corridors, which can support both regional distribution and local service to the broader Houston area. The combination of new construction, Class A specifications and immediate highway access helps explain the portfolio’s fully preleased status at closing.
The transaction represents the third acquisition completed through BGO’s BGO Industrial Strategies II fund. By targeting a newly constructed and fully preleased industrial asset, the fund is adding stabilized, income-producing product to its portfolio. The involvement of Harbor Capital as BGO’s joint venture partner highlights the use of equity partnerships in sourcing and acquiring industrial properties in competitive markets.
Legal representation for the transaction was provided by Seyfarth Shaw LLP, which acted as counsel. While the purchase price and other financial terms were not disclosed, the off-market nature of the deal and the asset’s lease-up status point to continued investor interest in well-located, modern industrial product in the Katy area west of Houston.
