Updated Sep 21, 2026
Sonny Kalsi & Karen Guthrie Of BGO Acquire 299,520-SF Heritage West Industrial In Katy, TX
Building Size
299,520 SF
Asset Type
Industrial
Closing
Jun 23, 2026
About this deal
AI
The Heritage West industrial portfolio, located in Katy, TX, consists of a two-building, Class A logistics project with an expansive total square footage of 299,520. The asset is fully leased at the time of closing, reflecting active demand in the industrial sector. This off-market transaction underscores the appeal of newly constructed properties in strategic locations near major transportation routes such as I-10 and the Port of Houston.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 299,520
- Address: Heritage West
- Market: Katy, TX
- Buyer: Sonny Kalsi & Karen Guthrie
- Buying Company: BGO
- Joint Venture Partner: Harbor Capital
Sonny Kalsi and Karen Guthrie, representing BGO, facilitated the acquisition of the Heritage West portfolio as part of a joint venture with Harbor Capital. The collaboration highlights a continued institutional interest in logistics properties, particularly those that offer fully leased, newly built assets, ensuring a steady income stream for investors.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93