Updated Nov 9, 2026
Todd Platt Of Hillwood Development Corporation Leases 1,286,569 SF To Ceva Logistics In Fontana
9300 Cherry Avenue
Building Size
1,286,569 SF
Asset Type
Industrial
Closing
Oct 28, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 9300 Cherry Avenue, Fontana, CA, with a total square footage of 1,286,569. This lease marks a significant activity in the market, specifically tied to Hillwood Development Corporation’s Speedway Commerce Center (East), which has been developed on the former Auto Club Speedway site.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 9300 Cherry Avenue
- Market: Fontana, CA
- Landlord: Todd Platt - Hillwood Development Corporation
- Tenant: Patrick Moebel - Ceva Logistics
CEVA Logistics has secured the lease in what ranks as the Inland Empire’s third-largest industrial lease for Q3 2026. The logistics campus is part of a larger redevelopment plan approved for up to 6.6 million square feet, showcasing a significant investment in industrial space within the region.
On the Map
Industrial
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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