BGO Launches Value-Add Strategy With Atlanta Purchases
The firm bought two industrial assets totaling more than 1 million square feet.
BGO has launched a U.S. value-add industrial strategy with the acquisition of two Atlanta-area properties totaling 1 million square feet. These purchases were made in off-market transactions with operating partners. Sellers and prices paid for the assets were not disclosed.
The global real estate investment management firm plans to take advantage of recent market dislocation and evolving supply-demand dynamics to acquire and enhance assets in high-growth logistics markets.
“We are looking to primarily acquire newer vintage industrial and select older infill assets to generate value-add returns through leasing improvements and some asset repositioning,” Clint Hinds, managing director, BGO, told Commercial Property Executive. “We are utilizing BGO’s data science team to identify submarkets across the U.S. which we project to outperform in terms of rent growth over the near term.”
READ ALSO: What Will Define Industrial’s Next Stage of Growth?
The two buildings are 101 Aquila Way in Lithia Springs, Ga. and River Park 6 in Jackson, Ga. The Lithia Springs asset is a 313,000-square-foot former data center. It was previously owned by Digital Realty, which had acquired it in 2006 for $25.3 million, according to Yardi Matrix.
BGO acquired 101 Aquila Way in partnership with operating partner Saracen Properties. The 1999-built asset is currently vacant. The new owner plans to reposition it to meet demand from logistics and light industrial users in Atlanta’s Interstate 20 West corridor.
The River Park 6 building is a 2023-built, 724,687-square-foot, Class A logistics facility within the River Park master-planned development along Interstate 75. BGO acquired it in partnership with Greenlaw Partners.
The property is partially leased and offers near-term upside through the lease-up of the remaining space, according to the new owner. The I-75 corridor has had more than 4.4 million square feet of leasing activity since 2024, reflecting strong tenant demand, according to BGO. The firm expects to attract regional and national logistics users seeking access to key transportation networks.
Atlanta industrial market strengthens
Metro Atlanta’s industrial market began 2026 on a strong note for investments. Quarterly transaction volume more than doubled from the same period in 2025, according to a Colliers report. Record shipping container volumes at the Port of Savannah, ongoing infrastructure investments, and proximity to growing populations continue to attract investor and occupier interest to the greater Atlanta region.
The market’s overall industrial vacancy rate declined 70 basis points from the prior quarter to 8.6 percent. Net absorption totaled 7.5 million square feet, the strongest quarterly total since the fourth quarter of 2022. Construction activity accelerated to 18 million square feet of space in response to renewed demand.
BGO’s recent industrial deals
A global real estate investment management advisor and real estate services provider, BGO manages approximately $90 billion of assets under management for more than 750 institutional clients. In addition to the industrial sector, the firm manages office, retail, hospitality and multifamily properties.
In March, BGO acquired Millstone 8 Logistics Park, a fully leased, 997,965-square-foot Class A industrial asset in Millstone, N.J., for $270.4 million from Crow Holdings, according to Yardi Matrix data.
The New Jersey acquisition came several weeks after BGO refinanced a 607,208-square-foot Class A building at the Interchange Logistics Center in Fairfield, Calif., with a $58.3 million loan from TPG Capital, according to Yardi Matrix.
You must be logged in to post a comment.