HOUSTON, TX — Constellation Real Estate Partners, an investor and developer of logistics properties, in partnership with a real estate fund advised by Crow Holdings Capital, announces that it has acquired 32.95 acres of land on South Post Road in Southwest Houston for the development of Constellation Post Oak.
Constellation Post Oak is located proximate to Beltway 8, the preferred route for distribution throughout the Houston MSA. It is also located nine miles from the Texas Medical Center, the largest medical complex in the world, adjacent to Fort Bend County, the second fastest-growing county in the U.S. from 2015-2020, and in close proximity to Houston’s inner-loop neighborhoods.
“With a record 28 million square feet of net absorption in the past 12 months, the Houston market has tightened to 6.1 percent vacancy, providing bulk users, in particular, very limited infill options,” said J.W. Fields, Partner at Constellation Real Estate Partners. “We are confident that a wide range of users will be attracted to Constellation Post Oak."
Designed by Powers Brown Architecture and Langan Engineering, the project will include two buildings totaling 426,200 square feet. Building 1 is 304,400 square feet and offers a cross-dock configuration with 36-foot clear height, and Building 2 is 121,800 square feet with a front-load configuration and 32-foot clear height. The project will feature multiple points of ingress/egress with full circulation, trailer parking, ESFR sprinkler systems, and LED lighting. Constellation Post Oak can accommodate a range of users from 60,900 square feet to 304,400 square feet.
Construction is set to begin in June 2022 with completion scheduled in the second quarter of 2023.
Constellation Real Estate Partners and a Real Estate Fund Advised by Crow Holdings Capital Acquire 33 Acres in Houston, Texas
