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2555 Genoa Red Bluff Road

Jeremy Giles Of Constellation Real Estate Partners Acquires 15 Acres In Pasadena For Development
SOLDLand

Jeremy Giles Of Constellation Real Estate Partners Acquires 15 Acres In Pasadena For Development

2555 Genoa Red Bluff Road

Building Size

Asset Type

Land

Closing

Aug 19, 2025

AI

The transaction involves a land asset located at 2555 Genoa Red Bluff Road in Houston, Texas. The property consists of 15 acres with a planned development for Constellation Genoa Red Bluff, which will feature a 240,041-square-foot Class A industrial building. The acquisition is part of a strategic initiative to expand industrial capacity in the area, with construction expected to commence in the third quarter of 2025 and completion anticipated by the second quarter of 2026.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: Not disclosed
  • Address: 2555 Genoa Red Bluff Road
  • Market: Houston
  • Asset Size: 15 acres
  • Building Size: 240,041 square feet
  • Buyer: Jeremy Giles - Constellation Real Estate Partners

Jeremy Giles is representing Constellation Real Estate Partners in this acquisition. This deal highlights the company's commitment to developing high-quality industrial spaces in the Houston market, aligning with their growth strategy in the region.

Players

Jeremy Giles

Constellation Real Estate Partners

Buyer

$113.4M

vol

7 deals

Buyer
Constellation Real Estate Partners
Constellation Real Estate PartnersBuyer

Pasadena Land Market Snapshot

Boundary boundary · Land · 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