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
Houston Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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