Two massive West Coast logistics projects have secured nearly $1.2B in financing.
A partnership between Hillwood Development and CBRE Investment Management has closed on a $756M package to finance construction of the first phase of Speedway Commerce Center, a 6.6M SF logistics hub that is rising on the site of a former NASCAR race track in Fontana.
Bank OZK is providing a senior loan for the Inland Empire project, with BDT and MSD Partners providing mezzanine financing, according to a report in Commercial Observer.
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