Closing Announcement: Wildcat Distribution Center - JV Equity Sponsor For Vault Partners Industrial Development

Overview

Wildcat Distribution Center is a new Class A industrial development at 222 Holmes Road in Southwest Houston. It's an infill location between Beltway 8 and the 610 Loop, with access via US-90. The investment closed on October 6, 2026, and is the sixth investment in BCP Performance Fund I. Buchanan Capital Partners is the JV equity sponsor, and Vault Partners is the developer, through BCP-Vault Wildcat LP. The project is a single 321,120 SF cross-dock building on 21.93 acres, with 36-foot clear heights, 69 dock doors, four drive-in doors and 57 trailer stalls. The building will offer up to 10,000 amps of power through CenterPoint, compared to the market standard of 2,500 to 4,000 amps. That positions it for both large-scale distribution and power-intensive manufacturing users. Delivery is estimated for August 2027.

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Location Advantage

Wildcat sits on one of the last large industrial sites inside Beltway 8, in the nation's third-largest industrial market. The site is framed by I-610, I-69, Beltway 8 and SH 288. It's within about 15 minutes of Downtown Houston, the Texas Medical Center and Hobby Airport, and about 40 minutes from the Port of Houston. Pipeline and electrical easements, preserved greenspace and the neighboring Wildcat Golf Club largely shield the surrounding parcels from competing development. The project gets a rare combination of infill access and limited nearby supply.

Partnership

Wildcat is being developed in partnership with Vault Partners, a Houston-based developer of Class A cross-dock and front-load industrial buildings focused on Texas markets. Vault is backed by an established Texas family office and pursues conservative, low-basis opportunities. It brings deep relationships across Houston's construction, brokerage and tenant communities. FCL Builders is the general contractor, and Cushman & Wakefield will lead leasing. Vault's decision to bring Wildcat to BCP reflects the strength of BCP's zero-fee, high-preferred-return model. That model draws best-in-class developers and their strongest opportunities, aligns interests and puts investors first.

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Market Context

Southwest Houston is one of the city's tightest industrial submarkets. Vacancy is near 2.6%, against a metro average of about 6.5%, and the submarket has led Houston in net absorption this year. Demand comes from third-party logistics, last-mile distribution, manufacturing and consumer goods users serving the dense inner-loop population. Most available space in the area is in multi-tenant buildings of 100,000 to 200,000 SF, which leaves a shortage of single-tenant cross-dock buildings of 300,000 to 400,000 SF. Manufacturing demand is rising with reshoring and automation. Wildcat's power capacity and infill location make it a fit for high-power users that most competing buildings can't serve.

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