North Airport Logistics Center
The Opportunity
North Airport Logistics Center is the development of a 476,000 SF, single-building cross-dock industrial campus located approximately one mile north of George Bush Intercontinental Airport (IAH) in North Houston. Developed in partnership with The Hanover Company, the project is designed to serve modern logistics, e-commerce, manufacturing, and distribution users seeking scale, efficiency, and immediate access to one of Houston’s most important freight corridors.
The property is positioned within a submarket defined by strong institutional interest, large-format tenant demand, and direct connectivity to I-45, I-69, Beltway 8, and SH-99. North Houston has emerged as one of the region’s most active industrial corridors, with recent leasing activity concentrated in buildings sized for major occupiers and full-building users.
North Airport’s design is tailored to that demand. The project will deliver a modern 36-foot clear cross-dock facility with 89 dock doors, 105 trailer spaces, and demising options between approximately 180,000 SF and 295,000 SF, allowing flexibility for either one or two tenants. This combination of location, scale, and functionality positions the asset to compete for users seeking institutional-quality space near IAH.
Property Type: Class-A Industrial
Strategy: JV Development
Address: Rayford Road & FM 1960, North Houston, TX 77338
Investment Date: March 2026
Estimated Delivery: March 2027
Building Size: 476,000 SF
Site Area: 28.88 Acres
Building Configuration: Single Cross-Dock Warehouse
Clear Height: 36’
Dock Doors: 89
Trailer Parking: 105 Spaces
Auto Parking: 322 Spaces
Developer: The Hanover Company
Competitive Advantage
- Strategic IAH-Oriented Location: North Airport sits in one of Houston’s most dynamic industrial corridors, less than five miles from George Bush Intercontinental Airport and with direct access to major regional arteries. The location provides tenants with strong connectivity to labor, air cargo, and the broader Houston logistics network.
- Differentiated Product in an Underserved Size Band: While much of the competing supply in North Houston has focused on multi-building projects in the 200,000-300,000 SF range, North Airport is positioned to offer 400,000-600,000 SF users a rare opportunity to occupy a contiguous single cross-dock building in this submarket.
- Low-Cost Basis with Leasing Flexibility: BCP was attracted to the opportunity because of its discounted land basis and overall project cost structure, which supports a competitive rental position relative to comparable product and creates margin for a more efficient lease-up.
- Institutional-Quality Development Partner: The project is being developed with The Hanover Company, a nationally recognized real estate platform with a vertically integrated development capability and a strong track record delivering high-quality industrial assets.
- Favorable Market Backdrop: North Houston continues to benefit from strong leasing momentum, blue-chip corporate investment, and large-scale industrial activity. Recent announcements and transactions in the broader corridor reinforce the area’s role as a major hub for logistics, manufacturing, and distribution.
Property Location
North Airport Logistics Center is located at Rayford Road & FM 1960 in North Houston, approximately four miles east of I-45, ten miles west of I-69, and less than five miles from IAH. The site offers immediate access to Houston’s core industrial infrastructure while remaining well positioned relative to The Woodlands, Beltway 8, and the Grand Parkway.
Lessons Learned
Property Location
Documents & Financials
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