Constellation Real Estate Partners has acquired a 15-acre parcel at 2555 Genoa Red Bluff Road in Pasadena, Texas, with plans to construct Constellation Genoa Red Bluff, a speculative 240,041-square-foot Class-A industrial facility.

Construction of the project is set to begin in the third quarter of 2025, with delivery expected in the second quarter of 2026. The new development adds to Constellation’s growing portfolio, which currently encompasses 5.6 million square feet of industrial properties across Texas, Florida and North Carolina.

The proposed building will feature a 36-foot clear height, 158 parking spaces for cars, 20 trailer spaces, a dedicated truck drive, and prominent visibility from Genoa Red Bluff Road. Positioned within Houston’s Southeast submarket, the facility will serve logistics users with strong ties to the Port of Houston. With quick links to Beltway 8 and Interstate 45, the site offers excellent connectivity for businesses seeking to reach end users across the Houston region.

“Constellation Real Estate Partners is committed to finding opportunities in Houston’s land constrained southeast submarket,” said J.W. Fields, Partner at Constellation Real Estate Partners. “Developable sites in this submarket south of the ship channel are extremely scarce. The ability to deliver a 240,000-square-foot cross-dock load building in a market with minimal competition for similar sized buildings should result in strong demand for Constellation Genoa Red Bluff.”

In addition to the land purchase, CBRE arranged a $17.35 million non-recourse construction loan through Texas Capital Bank. The financing was secured by CBRE Capital Markets’ Debt & Structured Finance team, comprising Brian Linnihan, Mike Ryan, Richard Henry, and Taylor Crowder.

CBRE’s Joseph Smith, Ed Frantz, and Savannah Smith will exclusively oversee the marketing and leasing of the new development.

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. 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, visit www.constellationrep.com.