Constellation Real Estate Partners has obtained a $27 million construction loan to build a 374,000-square-foot speculative warehouse in Charlotte.

Located at 1900 Continental Blvd. Constellation 485 South will sit on approximately 41 acres and will feature 80 dock doors, two drive-in doors, 65-foot speed bays, a 185-foot truck court, 87 trailer parking spots, 315 auto parking spots, and the flexibility to accommodate a single tenant or multiple tenants. The project is expected to break ground in June and will deliver in summer 2025. 

Brian Linnihan, Mike Ryan, Richard Henry, and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance, along with Frank Fallon and Trey Barry of CBRE National Partners, represented Constellation in both the debt and equity. The construction loan was sourced through HIMCO while the equity was placed with an insurance company. 

With offices in Georgia, Texas, Colorado and Florida, Constellation Real Estate Partners focuses on the development and acquisition of industrial properties across the Sun Belt.

Constellation Real Estate Partners will soon start work on a 374,000-square-foot speculative industrial building in Charlotte. The Charlotte Business Journal reports the company recently paid $11.8 million for the 41-acre parcel, and completion is scheduled for August 2025.

The rear-load facility will feature 36-foot minimum clear heights, 65-foot bay spacing, 185-foot truck courts with trailers and 310 parking spaces. Additionally, the property will have 84 trailer stalls and will be able to accommodate tenants needing space from 100,000 square feet up to the entire building.

ARCO Design/Build and OneFourTwo Design Group are project partners. Avison Young’s Henry Lobb, Abby Rights and Garrott Braswell will handle leasing, while Chris Skibinski will provide capital markets advisory services.

The warehouse will go up on Continental Boulevard, within 2 miles from interstates 485 and 77. Downtown Charlotte will be some 11 miles from the facility, while the Charlotte Douglas International Airport will be roughly 7 miles away.