A rendering of the Speedway venture. Picture courtesy of CBRE Funding Administration
A fund sponsored by CBRE Funding Administration has bought 364 acres of land, which can host the primary part of Speedway Commerce Middle.
Upon completion, the multi-building logistics area will whole 6.6 million sq. ft. Situated at 9300 Cherry Ave., in Fontana, Calif., the venture sits inside the western a part of the Inland Empire area within the southern a part of the state. CBRE, in an announcement, famous that the world is among the world’s high distribution markets.
Buildings on the website can have 40-foot clear heights, cross-dock loading and 185-foot concrete truck courts, in addition to parking for workers and greater than 100 acres of extra trailer parking.
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Speedway will provide easy accessibility to Interstate 15 and I-10, in addition to the San Bernardino BNSF freight railway’s Intermodal Yard. CBRE touted the venture’s proximity to the ports of Lengthy Seaside and Los Angeles in its assertion, which additionally famous that Inland Empire’s logistics emptiness charge was a beautiful 1.2 p.c in 2022, with lease development at 35.4 p.c. Fontana itself had a 0.3 p.c emptiness charge in 2022, in addition to a 36.9 p.c lease development charge.
The identification of the vendor couldn’t instantly be realized.
