Date: March 17, 2022
Constellation Real Estate Partners/Crow Holdings Capital Acquire 33 Acres in Houston
Constellation Real Estate Partners, an investor and developer of logistics properties, in partnership with a real estate fund advised by Crow Holdings Capital, announced that it has acquired 32.95 acres of land on South Post Road in Southwest Houston for the development of 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 wide range of users from 60,900–304,400 square feet.
Constellation Post Oak is located proximate to Beltway 8, the preferred route for distribution throughout the Houston MSA. It is also located only 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.
Zack Taylor of Colliers represented Constellation Real Estate Partners in the acquisition. He, along with Barkley Peschel of Colliers, will oversee leasing of the new development. Construction is set to begin in June 2022 with completion scheduled in Q2 of 2023.