HANOVER COMPANY BEGINS CONSTRUCTION ON CROSS-DOCK WAREHOUSE IN HOUSTON, TEXAS

The project start marks a significant milestone for the firm as it continues its strategy to build best-in-class industrial projects in top submarkets around the country

HOUSTON – August 11, 2025 – Hanover Company, alongside Transwestern Investment Group (TIG®), is excited to announce the ground-breaking of Kirby 288, a single 213,425-square-foot speculative cross-dock warehouse in Houston, Texas. The project is situated on the city’s south side, west of SH 288 and at the northwest corner of Kirby and Mowry. The facility will feature a flexible building layout, excess trailer storage, and convenient access to major transportation infrastructure.

With SH 288 and Beltway 8 proximity, Kirby 288 will benefit from easy access to the city’s most potent demand drivers for prospective tenants, including the Texas Medical Center, the Port of Houston, and the rapidly growing residential populations of south, southwest, and southeast Houston.

“We’re proud to be working on this exciting project with high-caliber teams like Transwestern Investment Group, our partner, and Comerica, our lender,” said James Melody, Development Partner at Hanover. “Houston is one of the most dynamic and energized cities in the country right now, and this development reflects that momentum.”

Designed with broad usability in mind, the project will offer 213,425 square feet with a 36-foot clear height and 360-foot building depth, allowing for maximum tenant flexibility and adaptability.

“We’re creating a flexible and thoughtfully designed industrial space that can adapt to the needs of a wide range of tenants,” said David Hudson, President of Hanover Industrial. “Simply put, we’re building a best-in-class facility that’s designed with the end users in mind and delivered with the attention to detail for which our team is known.”

Transwestern Investment Group (TIG®), in partnership with Hanover Company, acquired the site on April 30, 2025, The project represents a strategic opportunity in a high-growth, supply-constrained submarket of Houston.

“The Houston industrial market continues to offer strong fundamentals, and Kirby 288 is well positioned in a prime infill pocket of the city,” said Mike McKenzie, Director of Acquisitions at TIG. “We believe the site’s strategic location and flexible design will appeal to a broad range of users.”

For the project, Powers Brown is the architect and Kimley Horn is the civil engineer. The leasing team is Robert McGee (713-410-9931), Taylor Schmidt (832-496-6518), and Austin Bartula (713-818-6173) of Colliers, so please contact them with any inquiries. For more information on Hanover Company, please visit hanoverco.com.

An image of the property can be found 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 THE TRANSWESTERN INVESTMENT GROUP
Transwestern Investment Group (TIG®), a real estate investment adviser, seeks to provide value to institutional and high-net-worth clients through what we believe to be compelling, thematic investment opportunities across property types and risk profiles within the United States. Part of the Transwestern companies, we have sourced and executed more than $8 billion of real estate investments to date in 26 markets.

Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Through offices nationwide, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at @Transwestern.

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.