Saturday, February 4, 2023

Constellation Real Estate Partners and Cadre acquire 20.8 acres in Houston, TX

 

  • John William (J.W.) Fields
     

 HOUSTON, TX — Constellation Real Estate Partners, an investor and developer of logistics properties, in partnership with Cadre, have acquired 20.8 acres of land on the northeast corner of Beltway 8 and Telephone Road in Houston, Texas for the development of a Class A, two-building, 192,306-square-foot rear-load industrial project known as Constellation Telephone.

  Construction will begin in the second quarter of 2023 with completion scheduled for the first quarter of 2024.

                Constellation Telephone is the third land acquisition/development for Constellation in the past 10 months. 


Zack Taylor

In March 2022, the company acquired 33 acres in Houston for Constellation Post Oak, a two-building, 426,200-square-foot industrial development.

 Additionally, in May 2022, it acquired 52.29 acres of land on Bill Burnett Drive in El Paso, Texas for the development of a three-building, 798,470-square-foot state-of-the-art industrial project known as Constellation Trade Center.


John Nicholson

“The Houston industrial market remains one of the strongest markets in the country evidenced by a vacancy rate below four percent and over 30 million square feet absorbed in 2022,” said J.W. Fields, Partner at Constellation Real Estate Partners. 

 “Constellation Telephone will provide modern, rear-load space with Beltway frontage and exceptional access, features that have historically been in high demand in the Houston logistics market.”

Designed by Seeberger Architecture, Constellation Telephone will feature Beltway 8 frontage, multiple points of ingress/egress, ESFR sprinkler systems, 28’ clear heights, LED lighting, and excess land for additional parking/outside storage. 


Hobby Airport, Houston, TX

Building 1 will be 93,813 square feet and Building 2 will be 98,493 square feet.  The location, access, visibility and design of the project was designed with  distribution, fulfillment, e-commerce, and light industrial users from 20,800 square feet to 98,493 square feet in mind.

Constellation Telephone is ideally located with exceptional access and visibility at the northeast corner of Beltway 8 and Telephone Road, a key north‐south traffic artery that connects the suburb of Pearland with Beltway 8.

It is also minutes from Hobby Airport, BNSF Intermodal and Inner Loop destinations (including downtown, numerous infill residential communities, and the Medical Center).

Zack Taylor of Colliers assisted Constellation Real Estate Partners in the acquisition.  Taylor and John Nicholson of Colliers will oversee leasing of the new development.

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 Contact:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 www.constellationrep.com.

 

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