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Wildcat Distribution Center

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The Opportunity

Wildcat Distribution Center is the development of a 321,120 SF Class-A cross-dock development in prime Southwest Houston, located within the Inner Loop South submarket, which at 2.6% vacancy is the tightest industrial pocket in the nation's third-largest industrial market. Situated at 222 Holmes Road, the site sits between Beltway 8 and the 610 Loop with direct access via US-90, putting tenants within 15 minutes of Downtown Houston and Hobby Airport and within 40 minutes of the Port of Houston. The single-building project will feature 36' clear height, concrete tilt-wall construction, 69 dock doors, 4 drive-in doors, 57 trailer stalls, and up to 10,000 amps of power capacity, a combination of scale, location, and power that is largely absent from the Houston market today.

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BCP is partnering with Vault Partners, a Houston-based developer of Class-A cross-dock and front-load industrial product focused on Texas markets. Backed by an established Texas family office, Vault invests with patient, long-term capital, allowing the team to be selective and pursue opportunities where the basis is protected rather than chase peak pricing. On Wildcat, Vault brings deep local relationships across Houston's brokerage, tenant, and construction communities and is joined by FCL Builders as general contractor and Cushman & Wakefield as leasing broker. The project follows North Airport Logistics Center as BCP's next industrial development in Houston, where institutional and user demand for modern, large-format product continues to outpace available supply.

Competitive Advantage

Entry Well Below Market: Wildcat's projected all-in basis sits at a meaningful discount to where recent comparable cross-dock buildings in Southwest Houston have sold. Much of that advantage traces back to the land, which Vault secured well below prevailing market pricing. That spread gives investors a meaningful margin of protection, even if the project exits well below where neighboring assets have traded.

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Power Few Buildings Can Offer: Wildcat will deliver several times the power capacity of a typical Houston industrial building, making it one of the highest-powered speculative industrial projects in the market. With transformers already ordered for delivery at completion, the project can compete for advanced manufacturing users in defense, data center equipment, and battery production, tenants whose power requirements exceed what most available buildings can support.

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Houston's Strongest Submarket: Southwest Houston / Inner Loop South leads the metro in both vacancy and absorption, and neighboring Blue Ridge Commerce Center has seen most of its cross-dock buildings sold to users or leased shortly after delivery. With available supply skewed toward smaller multi-tenant product, Wildcat is expected to be the only large-format, single-tenant cross-dock option in the submarket at delivery.

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A Gap in the Size Range: Available supply in Southwest Houston skews heavily toward smaller, shallow-bay, multi-tenant buildings. At delivery, Wildcat is expected to be one of the only large-format, single-tenant cross-dock option in the submarket, and the limited competing projects now under construction are anticipated to be largely leased before Wildcat comes online.

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Protected Infill Location: Large industrial sites inside Beltway 8 are increasingly scarce, and Wildcat is further shielded by utility easements, preserved greenspace, the Wildcat Golf Club, and port-serving industrial uses. With clean environmental and geotechnical reports and permitting expected by closing, the project carries no predevelopment risk for investors.

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Experienced Local Partnership: Vault's conservative underwriting, family office backing, and deep Houston relationships align closely with BCP's focus on low-basis, high-conviction investments. Alongside FCL Builders and Cushman & Wakefield, the team is well positioned to capture demand in a corridor that continues to attract institutional investors and owner-users alike.

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Lessons Learned

Property Location

Documents & Financials

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Investment Summary

Property Type:

Class-A Industrial

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Strategy:

JV Development

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Address:

222 Holmes Road, Houston, TX 77045

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Investment Date:

October 6, 2026

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Property Type:

Class-A Industrial

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JV Development

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Address:

222 Holmes Road, Houston, TX 77045

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Investment Date:

October 6, 2026

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Property Type:

Class-A Industrial

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Strategy:

JV Development

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Address:

222 Holmes Road, Houston, TX 77045

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Investment Date:

October 6, 2026

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