CBRE Investment Management, in partnership with Hillwood Investment Properties, has successfully secured a $756 million financing package for Phase I of the Speedway Commerce Center in Fontana. The project, located at 9300 Cherry Ave., is being developed to meet the growing demand for modern logistics properties in the region.
Eastdil Secured facilitated the financing on behalf of CBRE Investment Management. Leasing efforts will be handled by Dan de la Paz, Eloy Covarrubias and Barbara Perrier from CBRE.
Construction has already begun on this highly sought-after development which will offer up to 6.6 million square feet of logistics space upon completion. The first two buildings are expected to be finished by early 2025.
According to Mary Lang, head of Americas direct logistics strategies at CBRE Investment Management: “The design of Speedway Commerce Center was specifically tailored to address the urgent need for well-located and state-of-the-art logistics properties in this high-demand market.” This significant milestone further validates our strategy as we continue developing Class A assets that cater to evolving technology and operational requirements from occupiers.”
This latest achievement highlights CBRE’s expertise and commitment towards delivering top-quality developments that meet market demands while also providing attractive investment opportunities.
