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.