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| Chris Brown |
CHARLOTTE, NC — Constellation Real Estate Partners, an investor and developer of logistics properties, has acquired 41.42 acres of land in Charlotte, North Carolina for the development of Constellation 485 South, a 374,220-square-foot Class A industrial building located on Continental Boulevard in the Southwest/Stateline submarket.
Construction of Constellation 485 South will begin in July 2024 with completion scheduled for August 2025.
The price was not disclosed.
“Constellation continues
to source, assess, and secure Southeast investment opportunities within customer-preferred
industrial markets,” said Chris Brown, Partner at Constellation Real
Estate Partners. “We acquired Constellation 485 South due to its
desirable location with highway visibility and convenient access to two major
interchanges.”
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| Henry Lobb |
The project will feature a rear load building that is designed to achieve LEED certification with 36-foot clear height, significant trailer parking, ESFR sprinkler systems, and LED lighting.
The building can
accommodate a wide range of users from 100,000 square feet to 374,000 square
feet. Constellation 485 South was designed by ARCO Design/Build.
Constellation 485 South is ideally located near major
thoroughfares – two miles or less to both Interstate 485 and Interstate 77,
providing convenient access to the region. It is also 6.5 miles from
Charlotte’s airport and 10.6 miles from Downtown Charlotte.
Abby Rights
Marketing and leasing efforts for Constellation 485 South will be exclusively handled by Henry Lobb, Abby Rights, and Garrott Braswell of Avison Young with Chris Skibinski providing capital markets strategic advisory services.
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| Garrott Braswell |
“This site is one of a kind. We are excited to partner with Constellation on their first Charlotte industrial project,” said Skibinski, Managing Director of Avison Young’s Charlotte office.
Jeremy Giles
About
Constellation Real Estate Partners
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.
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| Hien Le |
Contact:
David
Ebeling
Ebeling Communications
(949) 278-7851
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