News Summary
CBRE has secured a $17.3 million construction loan for the Constellation Red Bluff project in Pasadena, Texas. This new industrial facility will cover 240,041 square feet and is designed to attract logistics and distribution tenants. Located in an area with limited industrial land availability, the project will feature modern specifications and is set to enhance operational efficiency. Construction is expected to begin in late 2025, showcasing the growing demand for Class A industrial space in the region.
$17.3 Million Construction Loan Secured for Industrial Development in Pasadena, Texas
CBRE has successfully secured a construction loan amounting to $17.3 million for the Constellation Red Bluff project, an ambitious new industrial facility set to rise in Pasadena, Texas.
The project will encompass a sprawling 240,041-square-foot industrial building, located at 2543 Genoa Red Bluff Road, conveniently positioned in an eastern suburb of Houston. This strategic location is poised to attract tenants seeking modern industrial space, especially within an area that is experiencing limited land availability.
Set to cater specifically to logistics and distribution users, the facility aims to meet growing demand for Class A industrial space in the region. With features like high clear heights, and ample dock-high loading and trailer parking, this development is tailored to modern industrial specifications. Construction for the facility is anticipated to kick off in the third quarter of 2025, with an expected completion date in 2026.
The financing for this construction loan was provided by Texas State Bank, while the arrangement was facilitated by a dedicated team at CBRE, which includes Brian Linnihan, Mike Ryan, Richard Henry, and Taylor Crowder. The borrower for the loan is the Constellation Real Estate Partners.
Pasadena’s location within Houston’s Southeast submarket places it in a supply-constrained corridor with a growing appetite for new industrial developments. As the region continues to evolve, retail and industrial real estate professionals are preparing for a series of upcoming InterFace conferences across cities such as Kansas City, Houston, Austin, and Phoenix. These events are intended to discuss market trends, opportunities, and challenges facing the industry.
The recent loan agreement highlights the increasing focus on industrial real estate as businesses seek efficient logistics solutions to meet demands. Developers are increasingly directed toward meeting the needs of modern supply chains, which has led to a surge in industrial development projects across various markets.
The Constellation Red Bluff project exemplifies the shift in construction towards more efficient and capable facilities, designed to support distribution and logistics, which have become critical components of the economy. The facility’s well-planned features are set to enhance operational efficiency, providing a boost to businesses operating in this sector.
Overall, the advanced infrastructure of Constellation Red Bluff is expected to serve as a vital asset for businesses looking to establish a presence in this growth-oriented area of Houston. The expected influx of modern specifications will not only enhance the local landscape but will also provide employment opportunities and stimulate economic activity.
As construction progresses and the facility nears completion, it will undoubtedly become a focal point in the industrial real estate market, catering to the increasing logistics demands in the Pasadena region and beyond.
Deeper Dive: News & Info About This Topic
Additional Resources
- REBusiness Online: $17.3 Million Construction Loan Secured for Industrial Development in Pasadena, Texas
- Google Search: industrial construction loans
- RE Journals: CBRE Provides $17.35 Million Construction Loan
- Google Scholar: industrial facilities
- Houston Chronicle: Houston Ports Uncertainty
- Encyclopedia Britannica: industrial development
- Yield Pro: Crenshaw Grand Apartments
- Google News: Pasadena Texas
Author: Construction FL News
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