Buchanan Capital Partners (BCP), an Austin-based commercial real estate investment firm, announced on April 7, 2026, that it broke ground on the North Airport Logistics Center, a 476,000-sq.-ft. cross-dock industrial development in North Houston.
The project is being developed in partnership with Houston-based The Hanover Co., which is serving as contractor and represents BCP's first joint venture with Hanover's industrial development platform.
The project's cost wasn't revealed.
North Airport Logistics Center is located along Rayford Road and Farm-to-Market 1960, approximately 1 mi. north of George Bush Intercontinental Airport (IAH). The site offers immediate access to major regional transportation infrastructure, including Interstate 45, Interstate 69, Beltway 8 and State Highway 99, positioning the project within one of Houston's most active and institutionally recognized industrial corridors.
BCP said the North Houston submarket continues to attract large-scale corporate investment and industrial activity, supported by its proximity to IAH and Houston's broader logistics network.
Recent announcements in the region include Eli Lilly's planned pharmaceutical manufacturing facility in Northeast Houston and Foxconn's acquisition of the Fairbanks Logistics Park campus for advanced manufacturing and technology-related uses. These investments have reinforced North Houston's role as a growing hub for logistics, manufacturing and distribution operations, according to BCP.
Hanover will oversee development of the project, leveraging its vertically integrated platform and local Houston presence. The company has expanded its industrial development activities in recent years, focusing on infill and near-infill locations with durable long-term demand drivers. Leasing for North Airport Logistics Center will be led by CBRE and Faron Wiley.
"We are proud to have BCP as a trusted partner on this project," said James Melody, a Hanover development partner. "This development underscores our shared commitment to developing high-quality industrial facilities in strategic locations. North Airport Logistics Center will offer modern specifications, an efficient site layout and more than 3.50 acres of outside storage area to complement its access to Greater Houston's population and major transportation infrastructure."
"North Airport is well positioned near IAH and major transportation corridors, and the project's design aligns with the operational needs of today's large-scale industrial users in a market where the majority of new institutional product includes multiple buildings designed for several tenants," BCP founder Keith Buchanan said. ♣
