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6339 South Sam Houston Park...

Jeremy Giles, Hien Le & J.W. Fields Of Constellation Real Estate Partners Acquire Development Site In Houston
SOLDDevelopment Site

Jeremy Giles, Hien Le & J.W. Fields Of Constellation Real Estate Partners Acquire Development Site In Houston

6339 South Sam Houston Parkway East & 13814 Cullen Boulevard

Building Size

Asset Type

Development Site

Closing

Dec 12, 2025

AI

The property involved in this transaction comprises a development site located at 6339 South Sam Houston Parkway East and 13814 Cullen Boulevard in Houston. The asset spans 49 acres with a total building square footage of 657,874. It is intended for two industrial projects known as Constellation Southbelt and Constellation Cullen.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not specified
  • Address: 6339 South Sam Houston Parkway East & 13814 Cullen Boulevard
  • Market: Houston
  • Building Square Footage: 657,874
  • Acres: 49
  • Buyer: Jeremy Giles, Hien Le & J.W. Fields - Constellation Real Estate Partners

The deal includes the acquisition of 29 acres at 6339 South Sam Houston Parkway East and 20 acres at 13814 Cullen Boulevard. The projects will be developed in partnership with a Crow Holdings Capital-advised fund and are planned to break ground in late 2025 and early 2026. The marketing for these speculative developments will be managed by Colliers, CBRE, and Cape Bell.

Players

Jeremy Giles

Constellation Real Estate Partners

Buyer

$113.4M

vol

7 deals

Buyer
Constellation Real Estate Partners
Constellation Real Estate PartnersBuyer

Houston Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93