#NASCAR Track is Being Transformed Into a Shocking 6.6M SF Logistics Hub!

NASCAR Track is Being Transformed Into a Shocking 6.6M SF Logistics Hub!

Ladies and gentlemen, get ready to start your engines! Hillwood Development and CBRE Investment Management have made headlines by acquiring the Auto Club Speedway in Fontana, California, for a staggering $ 559 million. Their ambitious plans involve transforming this iconic racing venue into a colossal 6.6 million square foot logistics hub.

ACS Logistics Center: A Massive Transformation

The new logistics center, named ACS Logistics Center, will be strategically located just 40 minutes from downtown Los Angeles. This acquisition is one of the highest-priced industrial deals in the Western Inland Empire, an area where large tracts of land for mega warehouses are quickly becoming scarce.

Despite an economic slowdown, the industrial market in Southern California's Inland Empire continues to thrive. Gigantic warehouses in Greeley are propelling the market forward, showcasing the strong demand for large-scale logistics facilities in the region.

What are your thoughts on this monumental project? We invite you to share your opinions in the comments section below. Thanks for reading!

Keywords

Hillwood Development
CBRE Investment Management
Auto Club Speedway
Fontana, California
$ 559 million
6.6 million square foot logistics hub
ACS Logistics Center
Downtown Los Angeles
Western Inland Empire
Industrial deals
Mega warehouses
Southern California
Inland Empire
Economic slowdown
Logistics facilities

FAQ

Q: Who acquired the Auto Club Speedway in Fontana, California? A: Hillwood Development and CBRE Investment Management acquired the Auto Club Speedway.

Q: How much did Hillwood Development and CBRE Investment Management pay for the Auto Club Speedway? A: They paid $ 559 million for the Auto Club Speedway.

Q: What will the new logistics center be called? A: The new logistics center will be named ACS Logistics Center.

Q: How far is the ACS Logistics Center from downtown Los Angeles? A: The ACS Logistics Center is approximately 40 minutes from downtown Los Angeles.

Q: Why is this acquisition significant? A: This acquisition is one of the highest-priced industrial deals in the Western Inland Empire, highlighting the region's growing demand for large-scale logistics facilities.

Q: What is driving the industrial market in Southern California's Inland Empire? A: The industrial market in the Inland Empire is driven by the demand for mega warehouses, despite the current economic slowdown.