CBRE Arranges $27M Construction Loan For Constellation Real Estate Warehouse In Charlotte

The property involved in the transaction is a 374,220-square-foot industrial asset located at 1900 Continental Boulevard in Charlotte, North Carolina. The deal also includes 41 acres of land. Constellation Real Estate Partners serves as the landlord for this property.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $27,000,000
• Address: 1900 Continental Boulevard
• Market: Charlotte, NC
• Brokers: Brian Linnihan, Frank Fallon, Mike Ryan, Richard Henry, Taylor Crowder & Trey Barry - CBRE

CBRE played a key role in the deal, arranging a $27 million construction loan and a joint venture equity investment for Constellation 485 South. The financing was sourced through HIMCO, with equity from an insurance company. This transaction was driven by the site's infill location, strong market fundamentals, and the experienced sponsorship provided by Constellation Real Estate Partners.