Constellation Real Estate Partners secures a $27 million construction loan for the development of a 374,000-square-foot warehouse in Charlotte. The project, known as Constellation 485 South, will be situated on approximately 41 acres and boasts features such as 80 dock doors, two drive-in doors, and ample parking space for both trailers and vehicles. This state-of-the-art facility is expected to break ground in June with an estimated completion date of summer 2025.
CBRE Capital Markets’ Debt & Structured Finance team including Brian Linnihan, Mike Ryan, Richard Henry,and Taylor Crowder along with Frank Fallon and Trey Barry from CBRE National Partners represented Constellation in securing both debt and equity for the project. The construction loan was obtained through HIMCO while equity was sourced from an insurance company.
Headquartered in Georgia with additional offices located throughout Texas,CColorado,and Florida,constellations Real Estate partners specializesin developingand acquiring industrial properties across the Sun Belt region.This latest venture further solidifies their position as a leading player within this market sector.
