FINANCED
Mary Lang & Ross Perot Jr. Secure $756M Construction Loan For Fontana Project
9300 Cherry Avenue
Industrial
Financed 46 days ago
Summary
Loan
CALIFORNIA
Industrial
The industrial property located at 9300 Cherry Avenue in Fontana, California spans 6,600,000 square feet. The property is part of the Speedway Commerce Center project, a massive logistics development that was previously a NASCAR racetrack.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $756,000,000
- Address: 9300 Cherry Avenue
- Market: Fontana
- Lender: Bank OZK; BDT & MSD Partners
- Landlord: Mary Lang - CBRE Investment Management; Ross Perot Jr. - Hillwood Investment Properties
- Broker: Eastdil Secured
Mary Lang and Ross Perot Jr. were the property's landlords, representing CBRE Investment Management and Hillwood Investment Properties, respectively. The lender for this construction loan was Bank OZK in collaboration with BDT & MSD Partners. Eastdil Secured served as the broker for the transaction.
Players
All
3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Mary Lang & Ross Perot Jr.
DATE: 03/18/2024
ADDRESS: 9300 Cherry Avenue
MARKET: Fontana
ASSET TYPE: Industrial ~ SF: 6,600,000
LENDER: Bank OZK (@BankOZK) ; BDT & MSD Partners
LANDLORD: Mary Lang - CBRE Investment Management; Ross Perot Jr. - Hillwood Investment Properties
BROKER: Eastdil Secured (@EastdilSecured)
LOAN AMOUNT: $756,000,000
LOAN TYPE: Construction Loan
NOTE: CBRE Investment Management and Hillwood Investment Properties secured a $756 million financing package for Speedway Commerce Center in Fontana, California, transforming a former NASCAR racetrack into a massive logistics project. Construction is already underway, with the first two buildings set for completion by early next year, aiming to meet evolving occupier needs in the nation's top industrial real estate market.View on map
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Address9300 Cherry Avenue
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