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#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 a significant acquisition by purchasing the Auto Club Speedway in Fontana, California for a whopping $ 559 million. Their ambitious plans involve developing a massive 6.6 million square foot Logistics Hub on the site, which will be named ACS Logistics Center. This transformative project is strategically located about 40 minutes from downtown Los Angeles, making it a prime spot for a new logistics center. The acquisition sets a new benchmark as one of the highest-priced industrial deals in the western Inland Empire, where land for large warehouses is becoming increasingly scarce despite economic challenges. This move underscores the growing trend of mega warehouses in the region, signaling a robust industrial market in Southern California's Inland Empire.

Keywords

Auto Club Speedway, Fontana, California, Logistics Hub, ACS Logistics Center, industrial deal, western Inland Empire, mega warehouses, Southern California, economic slowdown, industrial market growth

FAQ

  1. What is the significance of the acquisition of Auto Club Speedway by Hillwood Development and CBRE Investment Management?
  2. What are the plans for developing the site of Auto Club Speedway in Fontana, California?
  3. How does the acquisition of Auto Club Speedway highlight the trends in the industrial market of Southern California's Inland Empire?
  4. Why is the development of a massive logistics hub on the site of a NASCAR track considered a noteworthy move?
  5. How does the location of the ACS Logistics Center impact its potential for success in the market?