{"id":1004794676,"date":"2026-04-08T03:33:07","date_gmt":"2026-04-08T11:33:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004794676"},"modified":"2026-04-08T04:03:17","modified_gmt":"2026-04-08T12:03:17","slug":"buchanan-hanover-team-up-for-logistics-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/buchanan-hanover-team-up-for-logistics-development\/","title":{"rendered":"Buchanan, Hanover Team Up for Logistics Development"},"content":{"rendered":"\n<p>Buchanan Capital Partners has completed the capitalization of North Airport Logistics Center, an upcoming 476,000-square-foot facility in North Houston. The firm partnered with The Hanover Co. for this project, marking BCP\u2019s first joint venture with Hanover&#8217;s industrial development platform.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/North-Airport-Logistics-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" data-attachment-id=\"1004794678\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/buchanan-hanover-team-up-for-logistics-development\/north-airport-logistics-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/North-Airport-Logistics-Center.jpg\" data-orig-size=\"1200,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"North Airport Logistics Center\" data-image-description=\"&lt;p&gt;Image included in the press release: https:\/\/www.prnewswire.com\/news-releases\/buchanan-capital-partners-and-the-hanover-company-close-joint-venture-for-north-airport-logistics-center-302735974.html&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;North Airport Logistics Center will also include outdoor storage space. Image courtesy of Buchanan Capital Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/North-Airport-Logistics-Center.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/North-Airport-Logistics-Center.jpg\" alt=\"aerial rendering of North Airport Logistics Center\" class=\"wp-image-1004794678\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/North-Airport-Logistics-Center.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/North-Airport-Logistics-Center.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/North-Airport-Logistics-Center.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/North-Airport-Logistics-Center.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a><figcaption class=\"wp-element-caption\">North Airport Logistics Center will also include outdoor storage space. <em>Image courtesy of Buchanan Capital Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>When complete, the cross-dock facility will feature 36-foot clear heights, 89 dock doors, 105 trailer and 322 car parking spaces. In a prepared statement, Hanover Development Partner James Melody noted that the facility will also include more than 3.5 acres of outside storage area. Leasing will be led by CBRE Senior Vice President Faron Wiley.<\/p>\n\n\n\n<p>The 28.9-acre site is along Rayford Road and FM 1960, about 1 mile north of George Bush Intercontinental Airport. The location provides quick access to major transportation infrastructure, including interstates 45 and 69, Beltway 8 and State Highway 99, within one of Houston\u2019s most active industrial corridors.<\/p>\n\n\n\n<p>The North Houston submarket benefits from its proximity to IAH and Houston\u2019s broader logistics network. The area is home to <a href=\"https:\/\/www.commercialsearch.com\/news\/eli-lilly-eyes-houston-for-6b-biomanufacturing-plant\/\">Eli Lilly\u2019s planned $6 billion manufacturing facility<\/a> in Northeast Houston and <a href=\"https:\/\/www.commercialsearch.com\/news\/foxconn-buys-1-msf-industrial-campus-for-142m\/\">Foxconn\u2019s Fairbanks Logistics Park<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-holding-its-momentum-into-2026\">Holding its momentum into 2026<\/h2>\n\n\n\n<p>Across Houston, industrial space net absorption and leasing activity \u201cheld its 2025 momentum through the start of 2026, accompanied by a large number of new deliveries,\u201d according to a first-quarter report from CBRE. Deal volume is \u201cexpected to remain high throughout 2026 as large tenants continue to express interest in the Houston market.\u201d<\/p>\n\n\n\n<p>The North Houston submarket had a total availability of 8.7 percent at the end of March, on an inventory of nearly 113 million square feet. Construction was active, with 1.6 million square feet of <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries\/\">industrial deliveries<\/a> in the first quarter and nearly 3.2 million square feet underway, the report shows.<\/p>\n\n\n\n<p>One of the under-construction projects is <a href=\"https:\/\/www.commercialsearch.com\/news\/hanover-jv-begins-work-on-houston-industrial-facility\/\">Ella 45<\/a>, a 254,000-square-foot light industrial facility being developed by Hanover in partnership with Pearlmark Real Estate. Delivery is expected later this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This spec facility will rise in North Houston.<\/p>\n","protected":false},"author":882,"featured_media":1004794678,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1589,21748,21742,51973],"tags":[32789,36935],"class_list":["post-1004794676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-houston","category-industrial","category-latest","category-southwest","tag-cbre","tag-the-hanover-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Buchanan, Hanover Team Up for Logistics Development - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Buchanan Capital Partners completed the capitalization of North Airport Logistics Center, an upcoming industrial facility in North Houston.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/buchanan-hanover-team-up-for-logistics-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buchanan, Hanover Team Up for Logistics Development\" \/>\n<meta property=\"og:description\" content=\"Buchanan Capital Partners completed the capitalization of North Airport Logistics Center, an upcoming industrial facility in North Houston.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/buchanan-hanover-team-up-for-logistics-development\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-08T11:33:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-08T12:03:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/North-Airport-Logistics-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/buchanan-hanover-team-up-for-logistics-development\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/buchanan-hanover-team-up-for-logistics-development\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Buchanan, Hanover Team Up for Logistics Development\",\"datePublished\":\"2026-04-08T11:33:07+00:00\",\"dateModified\":\"2026-04-08T12:03:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/buchanan-hanover-team-up-for-logistics-development\\\/\"},\"wordCount\":322,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/buchanan-hanover-team-up-for-logistics-development\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/04\\\/North-Airport-Logistics-Center.jpg\",\"keywords\":[\"CBRE\",\"The Hanover Company\"],\"articleSection\":[\"Development\",\"Houston\",\"Industrial\",\"News\",\"Southwest\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/buchanan-hanover-team-up-for-logistics-development\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/buchanan-hanover-team-up-for-logistics-development\\\/\",\"name\":\"Buchanan, Hanover Team Up for Logistics Development - 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