Project near IAH adds large-block space to supply-constrained submarket
September 03, 2026
HOUSTON – Transwestern Investments, in a joint venture with Hanover Company, is developing a 749,016-square-foot Class A industrial facility in Houston’s North submarket on behalf of a separately managed account.
Located at Rankin Road and U.S. 59/I-69, the project is directly adjacent to George Bush Intercontinental Airport and offers highway frontage with convenient access to Beltway 8 and I-45. The location provides connectivity to Houston’s major transportation infrastructure and access to a broad base of industrial users throughout North Houston.
“Houston continues to see demand from large-format industrial users, with limited modern space available to accommodate those requirements,” said Mike McKenzie, Director of Acquisitions at Transwestern Investments. “This project gives us the opportunity to deliver modern industrial product at scale in a location with excellent access to Houston’s major transportation corridors.”
The cross-dock facility will feature 40-foot clear heights, 130- to 185-foot truck courts, 106 dock doors, 140 trailer stalls and 429 auto parking spaces. Hanover Company will lead development of the project, with construction expected to begin in January 2027 and completion scheduled for December 2027.
“We’re proud to partner with Transwestern Investments to bring this project to market and leverage our development expertise in a location with strong, long-term potential,” said David Hudson, President of Hanover - Industrial. “Its immediate access to major transportation corridors and proximity to George Bush Intercontinental Airport make it exceptionally well-positioned to meet the evolving needs of today’s industrial users and support continued growth in the region.”
“Bringing together over 40 individual land sellers to assemble six separate properties was a highly complex process that required intense focus from all parties involved. It would not have been possible without Transwestern Investments’ ability to quickly understand the many layers of the deal and to trust in Hanover’s ability to execute accordingly,” said James Melody, Texas Development Partner at Hanover. “The result will be a modern, Class-A facility that is built to serve the large-format industrial needs of North Houston.”
Renderings available for download here.
About Hanover Company
Hanover Company located in Houston, Texas stands among the most active private real estate companies in the United States, specializing in the development and construction of high-quality multifamily residential and industrial properties nationwide.
Founded in 1982, Hanover is an award-winning developer with a focus on strategic growth in major markets across the United States. Current U.S. markets include San Francisco, Los Angeles, San Diego, Houston, Austin, Dallas, Boston, Washington D.C., Atlanta, Philadelphia, Phoenix, Denver, Ft. Lauderdale, Raleigh, and Charlotte.
About Transwestern
Transwestern is a vertically integrated commercial real estate firm dedicated to serving investors, partners and clients through expertise in investment, development, brokerage and property management. We own, lease and operate $64 billion1 in assets. Our experience spans diverse property types, including logistics, multifamily, retail, mixed-use, healthcare, office, data centers, hotel, sports & entertainment and life sciences. Across 35 offices nationwide, our team is united by a culture that cultivates agility, mutual trust and high performance. Learn more at transwestern.com.
1Includes all Transwestern enterprise assets and its RAUM as of April 1, 2026
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.
Media Contact:
Montgomery Angel
(346) 232.8625
Montgomery.angel@transwestern.com
twmediarelations@transwestern.com
