The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 9, 2023
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Constellation Real Estate Partners and Cadre Acquire 21 Acres in Houston for Industrial Development


Constellation Real Estate Partners, in partnership with Cadre, has 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, 192.3k sf 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.

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. Building 1 will be 93.8k sf and Building 2 will be 98.5k sf. The location, access, visibility and design of the project was designed with distribution, fulfillment, e-commerce, and light industrial users from 20.8k sf to 98.5k sf in mind.

Constellation Telephone is ideally located with exceptional access and visibility at the northeast corner of Beltway 8 and Telephone Rd, 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.

“The Houston industrial market remains one of the strongest markets in the country evidenced by a vacancy rate below 4% and over 30 msf 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.”

Constellation Telephone is the third land acquisition/development for Constellation in the past 10 months. In March 2022, the company acquired 33 acres in Houston for Constellation Post Oak, a two-building, 426.2k sf 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, 798.5k sf state-of-the-art industrial project known as Constellation Trade Center.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media