Buchanan Capital Partners and Hanover Break Ground on 476K-SF North Houston Industrial Project

• Buchanan Capital Partners and Hanover Co. launch 476,000-SF industrial project
• Development targets logistics users near George Bush Intercontinental Airport
• Houston industrial market shows 16M SF absorption over the past year

What this joint venture means for Houston industrial growth

Buchanan Capital Partners has partnered with Hanover Co. to develop the North Airport Logistics Center, a large-scale industrial project in North Houston. The project will deliver a 476,000-square-foot cross-dock facility with additional outdoor storage, positioned to serve logistics, manufacturing, and distribution users.

Keith Buchanan, founder of Buchanan Capital Partners, said, “This partnership reflects our continued focus on working with experienced, best-in-class development partners.”

What the location signals for demand

The site sits just north of George Bush Intercontinental Airport with direct access to major highways, including I-45 and Beltway 8. This connectivity makes the project highly attractive for last-mile distribution and regional logistics operations, especially as Houston continues to grow as a major industrial hub. The design aligns with modern tenant needs, focusing on efficient layout and large-scale functionality.

What the development pipeline shows

Hanover will lead development, continuing its expansion into the industrial sector since launching the platform in 2021.

James Melody of Hanover said, “This development underscores our shared commitment to developing high-quality industrial facilities in strategic locations.”

The firm currently has millions of square feet under construction and a large pipeline, signaling continued confidence in industrial asset demand.

What this means for investors and landlords

Houston’s industrial market remains strong, with 16 million square feet of net absorption over the past year and significant ongoing construction. For investors, this project reinforces the appeal of spec industrial development in high-growth logistics corridors. For landlords, continued demand from distribution and manufacturing tenants supports long-term occupancy and rent growth in key submarkets like North Houston.