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Barings Provides $139M Refi on Hillwood Industrial Campus
Barings has provided $138.6 million in first mortgage financing to refinance the first phase of Speedway Commerce Center, consisting of two Class A industrial buildings totaling approximately 656,000 square feet in Rancho Cucamonga. The financing was provided to Hillwood.
“We are pleased to provide this financing to Hillwood, a best-in-class industrial developer with a long track record of delivering high-quality logistics assets in key distribution markets,” said Tom Cross, managing director at Barings. “Speedway Commerce Center is a modern, strategically located industrial asset in one of the country’s most sought-after logistics markets, with excellent transportation connectivity and strong long-term demand drivers.”
Fully leased, Speedway Commerce Center offers high clear heights, ample trailer and automobile parking, and extensive loading capabilities. It is located with immediate access to Interstate 10 and Interstate 15, providing connectivity throughout Southern California and access to the Ports of Los Angeles and Long Beach.
- ◦Financing
