BGO Acquires Two Industrial Real Estate Assets Totaling 1.04M SF in Atlanta Area, Launching U.S. Value-Add Strategy

BGO, a global real estate investment management firm, announced April 23 the acquisition of two industrial real estate assets in the Atlanta metropolitan area, establishing the foundation of a dedicated U.S. value-add industrial strategy. The off-market transactions encompass approximately 1.04 million square feet across two distinct submarkets and represent the firm's inaugural investments under the new strategy.

Industrial Real Estate Acquisitions: Property Details

The first acquisition, River Park 6, is a 724,687-square-foot Class A logistics facility located in Jackson, Georgia, within the River Park master-planned industrial park along the I-75 corridor. Delivered in 2023, the property is currently partially leased and offers near-term upside through the lease-up of remaining space. BGO completed this acquisition in partnership with operating partner Greenlaw Partners. The River Park industrial park has recorded more than 4.4 million square feet of leasing activity since 2024, reflecting sustained tenant demand along the corridor.

The second acquisition, 101 Aquila Way in Lithia Springs, Georgia, is a 313,000-square-foot former data center property situated along Atlanta's I-20 West corridor. The asset, acquired in partnership with operating partner Saracen Properties, is currently vacant and is slated for redevelopment into modern, market-ready industrial space suited for logistics and light industrial users. BGO's asset management plan includes targeted capital improvements and a phased lease-up program, with stabilization anticipated within three years.

Both transactions were secured off-market at a basis described by the firm as attractive relative to replacement cost. Financial terms, including purchase price, price per square foot, and capitalization rate, were not disclosed.

Strategic Context for the Value-Add Industrial Strategy

"These initial investments mark the launch of a dedicated U.S. value-add industrial strategy, building on BGO's long-standing leadership in the sector in the U.S. and globally," said John Carrafiell, CEO of BGO. "We are seeing a compelling opportunity set driven by recent market dislocation and evolving supply-demand dynamics, particularly in markets like Atlanta, one of the most important logistics hubs in the country. These transactions demonstrate our ability to source off-market and execute on strong value-add opportunities as we scale the strategy."

The newly launched strategy is focused on acquiring and enhancing industrial assets in high-growth U.S. logistics markets. BGO cited Atlanta's extensive transportation infrastructure, access to major population centers, and deep labor pool as key factors supporting sustained demand for modern distribution space in the region.

BGO Firm Background and Industrial Real Estate Platform

BGO manages approximately $90 billion in assets under management as of December 31, 2025, serving more than 750 institutional clients. The firm's investment platform spans office, industrial, multi-residential, retail, and hospitality real estate across 25 cities in 12 countries. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.

The Atlanta-area industrial real estate acquisitions represent the firm's first transactions under the new U.S. value-add industrial strategy, which builds on BGO's existing global industrial investment capabilities. The firm's asset management approach for these properties will include targeted capital improvements alongside a phased leasing program designed to drive occupancy and stabilize cash flows over a multi-year horizon.

Atlanta Industrial Market Context

BGO cited Atlanta's position as a major logistics hub, supported by its transportation infrastructure and a large regional labor pool, as factors underpinning the acquisitions. The leasing momentum within the River Park industrial park — more than 4.4 million square feet since 2024 — was noted by the firm as reflecting strong tenant demand along the I-75 corridor.

With two properties now under management in the Atlanta area, BGO has indicated its intent to scale the U.S. value-add industrial strategy through additional acquisitions in high-growth logistics markets.