CBRE Investment Management secures $756m financing package for modern logistics development in the Inland Empire

A fund sponsored by CBRE Investment Management, in joint partnership with Hillwood Investment Properties, has secured an approximately $756 million financing package for the construction of Phase I of the Speedway Commerce Center located at 9300 Cherry Ave. in Fontana, Calif.

The Speedway Commerce Center, a planned multi-building, state-of-the-art logistics project, will feature highly functional, larger-scale logistics buildings that will include 40-foot clear heights, cross-dock loading, 185-foot concrete truck courts, employee parking, optimal circulation and more than 100 acres for excess trailer parking. Construction of the project, which is entitled for up to 6.6 million square feet of logistics space, has already commenced, and the first two buildings are anticipated to be completed in early 2025.

“We designed the Speedway Commerce Center to specifically meet the critical need for well-located, modern logistics properties in this high-demand region. We believe