FAQ: Constellation Real Estate Partners' Acquisition and Development in Pasadena, Texas

What is the main purpose of Constellation Real Estate Partners’ acquisition in Pasadena, Texas?

The acquisition is for developing Constellation Genoa Red Bluff, a 240,041-square-foot Class A industrial building to serve logistics users in Houston’s southeast submarket.

Where exactly is the property located?

The 15-acre property is located at 2555 Genoa Red Bluff Road in Pasadena, Texas, in the heart of Houston’s Southeast submarket.

When will construction begin and when is completion scheduled?

Construction will begin in Q3 2025 with completion scheduled for Q2 2026.

What are the key features of the Constellation Genoa Red Bluff building?

The building will feature a 36-foot clear height, 158 car parking spaces, 20 trailer spaces, a dedicated truck drive, and visibility on Genoa Red Bluff Road.

Why is this development significant for the Houston market?

This development is significant because developable sites in Houston’s southeast submarket south of the ship channel are extremely scarce, and there’s minimal competition for similar sized buildings in this area.

Who is leading this project for Constellation Real Estate Partners?

J.W. Fields, Partner at Constellation Real Estate Partners, is quoted regarding the strategic importance of this development in the land-constrained market.

What transportation access does the site offer?

The site has quick access to Beltway 8 and I-45, providing easy access to reach end consumers throughout Houston and serving logistics users for the Port of Houston.

Who is handling the marketing and leasing for this property?

Marketing and leasing efforts will be exclusively handled by Joseph Smith, Ed Frantz, and Savannah Smith of CBRE.

What is Constellation Real Estate Partners’ experience in industrial real estate?

The company’s principals have over 125 years of combined experience, have invested over $25 billion in industrial real estate, and developed over 100 million square feet, currently owning 5.6 million square feet across Texas, Florida, and North Carolina.

How can I get more information about Constellation Real Estate Partners?

For more information, visit their website at www.constellationrep.com.