Press Releases
Transwestern Advances Retail Regional Lifestyle Center Along Austin-San Antonio Corridor
AUSTIN – Transwestern announces the advancement of an approximately 101-acre mixed-use development in Kyle, Texas that will bring together retail, hotel and multifamily uses along the growing Austin-San Antonio corridor. Transwestern Investments and NewQuest have formed a joint venture and commenced construction on the retail portion of the development, Kyle Park, marking the next phase of the broader project. Retail will serve as the central aspect of the mixed-use center, while Transwestern Development is planning a future multifamily phase that will complement the shopping, dining and services envisioned for the property. Details on the multifamily component will be announced as plans progress. “This property presented a rare opportunity to comprehensively address the evolving demands of one of the fastest-growing regions in the United States,” said William Duncan, Partner at Transwestern Investments. “NewQuest has been instrumental in bringing the retail vision to life, and we see tremendous long-term potential in this corridor along I-35 as Kyle continues to attract new residents, businesses and investment.” NewQuest will manage development, leasing and property management of Kyle Park while Transwestern Investments will serve as the capital partner and co-sponsor. Located on the northeast corner of I-35 and Bebee Road in Hays County, the project incorporates “The Vybe Kyle”, a citywide trail network of over 50 miles of golf cart trails and sidewalks. Kyle Park is planned as a regional lifestyle center, totaling approximately 412,588 square feet of retail space with a mix of big box, inline and pad site tenants. Merchandising is largely leased and includes anchor and junior tenants such as Dick’s Sporting Goods, Burlington, HomeGoods, ULTA Beauty, TJ Maxx, Barnes & Noble, Boot Barn, and EOS Fitness. The project has continued to gain momentum through leasing activity and construction milestones announced by NewQuest over the past several months. Transwestern’s investment in the area also includes Kyle Commerce Center, an adjacent 328,256-square-foot Class A shallow bay industrial development that Transwestern Investments and Balcones Real Estate Group recently broke ground on at 278 Republic Drive. The four-building service center will offer 30 move-in-ready suites ranging from approximately 4,500 to 20,800 square feet, addressing demand for modern, functional space for small to medium-sized businesses in Hays County. Delivery is scheduled for 2027. Renderings available to download here. About NewQuest NewQuest, founded in 2001, is a privately owned, full-service commercial real estate firm specializing in development of retail and mixed-use shopping centers, asset management and brokerage services. Headquartered in Houston, NewQuest owns a portfolio encompassing more than 100 retail and mixed-use projects exceeding 12 million square feet of commercial space in Texas, Louisiana, Arizona, Georgia and throughout the U.S. 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 Rayes (346) 232.8625 Montgomery.rayes@transwestern.com twmediarelations@transwestern.com
HANOVER, TRANSWESTERN ANNOUNCE SALE OF NEWLY COMPLETED KIRBY 288 INDUSTRIAL PROJECT IN S. HOUSTON
HOUSTON – Hanover Company, in partnership with Transwestern Investments , are proud to announce the sale of the recently completed industrial project, Kirby 288. The speculative, cross-dock warehouse is located in a prime location in South Houston and represents the heightened demand for Class A industrial properties within the corridor. The sale closed earlier this month for an undisclosed amount. The project, located at 12150 Kirby Drive, was completed in June of this year and sits just west of SH 288 at the northwest intersection of Kirby Drive and Mowry Road inside the Beltway 8 Loop. The facility is just over 213,000 square feet with a 360-foot depth and 36-foot clear height. Kirby 288 offers excess trailer parking on both truck courts, proximity to Texas Medical Center (via 288) and to broader southwest and southeast Houston (via Beltway 8). “We are proud to have delivered a best-in-class facility that meets the evolving needs of today’s industrial users and to see the project successfully transition to new ownership,” said James Melody, Development Partner at Hanover. “Kirby 288 represents our continued commitment to delivering high-quality industrial assets in strategic locations that provide long-term value for tenants and investors alike.” The area represents one of the city’s most diverse demand nodes and serves as an ideal midpoint for port-related logistics and population-driven tenant activity. “Kirby 288 was delivered into a moment in time when industrial user sales are very robust in Houston,” said David Hudson, President of Hanover Industrial. “The location, design and completion all aligned to allow us to take advantage of these conditions. It is a great example of the advantages derived from the vertical integration of the Hanover development platform.” Transwestern Investments, 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. “Kirby 288 is a great example of the value that can be created through a strong partnership and disciplined execution,” said Jim Elsener, Managing Director at Transwestern Investments. “Hanover did an exceptional job delivering a high-quality project, positioning the partnership to capitalize on an attractive opportunity and achieve a successful outcome for our investors.” Powers Brown served as the architect for the project. Robert McGee, Principal and Executive Vice President; Taylor Schmidt, Principal and Executive Vice President; and Austin Bartula, Vice President, all with Colliers, represented Hanover in the transaction. High-res images/renderings courtesy of Hanover Company are available for download here. For more information on Hanover Company, please visit hanoverco.com. ABOUT HANOVER COMPANY Hanover Company founded 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 MEDIA CONTACT Bramble Creative, on behalf of Hanover Company hanover@bramblecreative.com Montgomery Angel (346) 232.8625 Montgomery.angel@transwestern.com twmediarelations@transwestern.com
Transwestern Investments Acquires 408K SF Industrial Facility in Chicago's I-88 Corridor
CHICAGO – Transwestern Investments announces it has acquired 320 Overland Drive, a 408,176-square-foot industrial facility in Chicago’s I-88 Corridor, on behalf of a separate account. Built in 2023, the fully leased property is situated on 26.79 acres and features a cross-dock configuration, 36-foot clear heights, 55 dock doors with the ability to expand to 86, four drive-in doors, and dedicated car and trailer parking. “320 Overland Drive represents an opportunity to acquire a modern, highly functional industrial asset in one of Chicago’s established distribution corridors,” said Andy Norman, Director of Acquisitions at Transwestern Investments. “The building’s functionality, access to a deep labor pool and proximity to critical transportation infrastructure are consistent with the fundamentals we look for when investing in high-quality industrial assets across key Midwest markets.” Located 1.7 miles from Interstate 88, the property provides connectivity to I-355, I-294, O’Hare International Airport, downtown Chicago and the broader Midwest transportation network. According to Transwestern Research, the I-88 Corridor is currently 94% occupied and has maintained an average occupancy of approximately 95% over the past 15 years. Transwestern Services has been retained to provide property management services. Image available to download here. 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
Transwestern Investments and Hanover to Develop 749K SF Industrial Facility in North Houston
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
Transwestern and Balcones Real Estate Group Break Ground on Kyle Commerce Center
AUSTIN – Transwestern Investments and Balcones Real Estate Group announce construction is underway on Kyle Commerce Center, a 328,256-square-foot Class A shallow bay industrial development at 278 Republic Drive in Kyle, Texas. The four-building project is being developed on behalf of a joint venture between Transwestern Investments and Balcones Real Estate Group. Situated on 28 acres along the Austin-San Antonio corridor, Kyle Commerce Center is designed to address growing demand for high-quality, flexible industrial space serving smaller tenants in Hays County. The project will include 30 move-in ready spec suites ranging from approximately 4,500 to 20,800 square feet. “Hays County continues to benefit from tremendous population and business growth, but the supply of modern industrial space designed for smaller users has not kept pace,” said William Duncan, Partner at Transwestern Investments. “Kyle Commerce Center gives us an opportunity to invest in a differentiated product with compelling supply-demand fundamentals in one of the fastest-growing counties in the country.” Scheduled to deliver in 2027, Kyle Commerce Center will feature shallow bay buildings under 150 feet in depth, 28-foot clear heights and 180-foot truck courts. The property will also be within walking distance of the future Kyle Park retail center, providing convenient access to nearby amenities. “Kyle Commerce Center is being purpose-built for a segment of the industrial market that has had relatively few new Class A options,” said Dax Benkendorfer, Partner at Balcones Real Estate Group. “By combining smaller suite sizes with the functionality and quality typically associated with larger industrial developments, we can offer tenants a product that supports their needs today while giving them room to grow.” Balcones Real Estate Group will serve as developer, leasing agent and property manager for Kyle Commerce Center. Images and renderings available for download here. About Balcones Real Estate Group Balcones Real Estate Group specializes in small bay and shallow bay ground up industrial development. Over the last five years, Balcones has acquired or built 36 shallow bay buildings across ~8 greater Austin MSA submarkets (26 of these buildings being Class A new construction) totaling 1,608,742 square feet. 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
Transwestern Investments Sells Copper Point Medical Outpatient Facility in Gilbert, Arizona
PHOENIX – Transwestern Investments announces the sale of Copper Point, a 93,262-square-foot medical outpatient facility located at 3530 South Val Vista Drive in Gilbert, Arizona. Transwestern acquired the property in April 2025 through a joint venture with RX Health & Science Trust (RXHST). During ownership, the partnership brought the building to full occupancy, completed capital improvements and improved operating efficiencies, positioning the building for disposition. Copper Point is anchored by City of Hope and features a diverse roster of healthcare providers, including Prosano Health, an affiliate of Blue Cross Blue Shield of Arizona, and Phoenix Children's Hospital. “The successful sale of Copper Point reflects continued demand for high-quality medical outpatient assets in leading healthcare markets,” said Jim Elsener, Director of Asset Management at Transwestern Investments. “The property's strategic location, tenant roster and improved operating performance attracted broad buyer interest and contributed to a successful transaction.” Located in Phoenix's East Valley, Gilbert is one of the region's largest medical outpatient submarkets, comprising approximately 1.8 million square feet of the East Valley's 6.2 million-square-foot inventory. The East Valley accounts for approximately 25% of the region's total medical outpatient space. “The RX Health & Science Trust platform continues to successfully demonstrate its ability to identify, acquire, operate and upgrade outpatient medical real estate properties such as Copper Point,” said Jesse Ostrow, Co-Founder and Chief Investment Officer of RX Health & Science Trust. Built in 2008, Copper Point is adjacent to Dignity Health's Mercy Gilbert Medical Center, a 418-bed, full-service hospital located at the intersection of South Val Vista Drive and Highway 202. Image available for download here. About RX Health & Science Trust RX Health & Science Trust (“RXHST”) is a national outpatient medical real estate investment and operating platform. The company was founded in 2021 to build a portfolio of premier outpatient medical properties across the U.S. RXHST seeks opportunities where it can utilize its team of experienced healthcare real estate professionals to acquire, develop, renovate, and upgrade assets through leasing, capital and operational initiatives. For more information, please visit www.rxhst.com. 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, 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