Thursday, May 23, 2024

Constellation Real Estate Partners and Northwestern Mutual acquire 75 acres in Orlando, FL

Sara Bravo

 ORLANDO, FL — Constellation Real Estate Partners, an investor and developer of logistics properties, in partnership with Northwestern Mutual, a leading financial services company,has acquired 75.08 acres of land located at 10195 Boggy Creek Road in Orlando, Florida for the development of Constellation Air Commerce, a three-building, 972,079-square-foot Class A industrial park.  Construction will begin in 2024 with completion scheduled for the third quarter of 2025.

Scott Alexander



              “Constellation is committed to finding opportunities in the Southeast in infill locations with high barriers to entry with Florida as a high priority,” said Scott Alexander, Partner at Constellation Real Estate Partners.  “Constellation Air Commerce Park will satisfy a wide range of space needs. With no available options of this magnitude in this submarket today, users are forced to periphery submarkets in lieu of this high performing and strongly preferred location.”

              Within the park, Building 100 (232,497 square feet) and Building 300 (283,580 square feet) will both have front park/rear load configurations and Building 200 (456,002 square feet) will have cross dock loading.   The project is designed to achieve LEED certification and will feature 36-foot clear heights, multiple points of ingress/egress with full circulation, significant trailer parking, ESFR sprinkler systems, and LED lighting. Constellation Air Commerce can accommodate a wide range of users from 40,000 square feet to 456,002 square feet. Constellation Air Commerce was designed by C4 Architecture and Florida Engineering Group.

Brandt Foster

“Our investment in Constellation Air Commerce is an example of Northwestern Mutual’s commitment to pursuing new development opportunities to continually enhance our real estate portfolio and deliver value to our policyowners,” said Brandt Foster, director of Northwestern Mutual Real Estate. 

Constellation Air Commerce is ideally located in a premier Southeast submarket with proximity to State Road 528, SR 417 and the Florida Turnpike which provides excellent East to West and North to South connectivity throughout adjacent communities as well as the Orlando MSA and direct access to Orlando International Airport.

Jared Bonshire,

Jared Bonshire, David Perez, Taylor Zambito, Ryan Hubbard, Sara Bravo, and Jasmine Yarbrough with Cushman & Wakefield have been appointed as the leasing agents for the project. 


David Perez

About Constellation Real Estate Partners

 Jeremy Giles
Founded by Jeremy Giles and Hien Le, Constellation Real Estate Partners specializes in the investment and development of logistics properties throughout Southeastern and Southwestern United States.  

The company focuses on three core competencies: speculative development, build-to-suit development, and value-add acquisitions.  Established in 2021, Constellation Real Estate Partners has rapidly emerged as a stable and thriving player in the industry, backed by a team rich in capabilities and expertise.  

 Hien Le
Its principals have over 125 years of combined experience, have invested over $25 billion in industrial real estate, and developed over 100 million square feet.  For more information, plrase visit www.constellationrep.com.

 




Contact:       David Ebeling

                      Ebeling Communications

                      (949) 278-7851

                      david@ebelingcomm.com



No comments: