Constellation Real Estate Partners acquired 15 acres of land at 2555 Genoa Red Bluff Road in Pasadena, Texas, to develop Constellation Genoa Red Bluff, a 240,041-square-foot Class A industrial building.  Construction will begin in Q3 2025, and completion is scheduled for Q2 2026. Constellation Genoa Red Bluff is in the heart of Houston’s Southeast submarket, a preferred location for logistics users who serve the Port of Houston.

CBRE arranged a $17.35 million construction loan on behalf of Constellation. The CBRE Capital Markets’ Debt & Structured Finance team of Brian Linnihan, Mike Ryan, Richard Henry, and Taylor Crowder sourced the financing, a non-recourse construction loan, from Texas Capital Bank.

CBRE’s Joseph Smith, Ed Frantz, and Savannah Smith will exclusively handle marketing and leasing efforts for Genoa Red Bluff.

Want a front-row seat to the strategies shaping Texas multifamily today? Join top voices from development, investment, dealmaking, and operations on August 28^th at Connect Texas Multifamily—your gateway to what’s next in the market. Register now at www.ConnectTXMF2025.com | EVENT DATE: Thursday, August 28^th | VENUE: The Joule, Dallas