Closing Announcement: North Airport Logistics Center - JV Equity Sponsor for Hanover Company Industrial Development

Overview

North Airport Logistics Center is a new Class A industrial development in North Houston, strategically positioned approximately one mile north of George Bush Intercontinental Airport. The project consists of a 476,000 SF single-building cross-dock warehouse on 28.88 acres, designed to serve large-scale logistics, distribution, manufacturing, and e-commerce users seeking modern functionality in one of Houston’s most active industrial corridors.

The building is designed with 36-foot clear height, 89 dock doors, 105 trailer spaces, and divisibility for one or two tenants, creating flexibility for a broad range of institutional users. With direct access to FM 1960 and strong connectivity to I-45, I-69, Beltway 8, and SH-99, North Airport is positioned to compete for tenants requiring scale, circulation, and proximity to critical regional infrastructure.

Location Advantage

North Airport sits within a highly strategic segment of North Houston, where airport access, labor availability, and regional highway connectivity converge. The site’s proximity to IAH supports both domestic and international logistics activity, while the surrounding transportation network provides efficient access across Greater Houston and beyond.

The broader North Houston corridor continues to attract major industrial and corporate investment, reinforcing the area’s importance as a hub for logistics, advanced manufacturing, and distribution. With strong access to population centers, established industrial infrastructure, and a large labor base, the submarket remains well positioned for large-format occupier demand.

Partnership

North Airport Logistics Center is being developed in partnership with The Hanover Company, a nationally recognized real estate platform with deep experience delivering institutional-quality projects. Hanover’s vertically integrated development capability and long-standing execution track record make the firm an ideal partner for a project of this scale and complexity.

BCP’s partnership with Hanover reflects the strength of our performance-based structure in attracting high-caliber development partners. By pairing Hanover’s proven execution with BCP’s capital formation, underwriting discipline, and alignment-driven investment model, the partnership is positioned to deliver a differentiated industrial asset in a highly competitive market.

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Market Context

North Houston has emerged as one of the region’s most active industrial submarkets, supported by airport-driven logistics demand, continued population growth, and expanding corporate investment. Recent large-scale transactions and new employer commitments across the broader corridor reinforce the area’s role as a destination for industrial users seeking modern, well-located space.

North Airport is differentiated within that landscape. While much of the competing supply has been delivered in smaller or multi-building configurations, this project offers a rare opportunity for tenants seeking 400,000-600,000 SF in a single cross-dock building. That combination of scale, location, and modern design is central to the project’s investment thesis and to its positioning within the North Houston industrial market.

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