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CMB Group 70 - Hillwood Logistics III - Wayfair & FedEx

The Project

CMB Infrastructure Investment Group 70, LP (“Group 70”) will assist in financing construction of four Hillwood industrial/logistics developments in two different states: the FedEx Express logistics facility, the Wayfair distribution facility, the Pellisier Logistics Center and the South Loop Business Park (collectively the “Project”). Group 70 is not affiliated with Hillwood, FedEx Express, or Wayfair.

GATEWAY & BENEDICT (FEDEX) - SAN BERNARDINO, CA

The Gateway subproject, also known as FedEx, Gateway, Gateway South Building 5, is anticipated to consist of a 143,327 square foot class-A, logistics facility to be constructed in San Bernardino, California. Hillwood is developing this built-to-suit modern distribution facility for FedEx Express within the AllianceCalifornia master-planned business park.

WAYFAIR - JACKSONVILLE, FL

The Wayfair subproject is anticipated to deliver a 1,012,567 square foot build-to-suit distribution facility for Wayfair, one of the leading online retailers for home goods. The facility will be developed on a roughly 80-acre site within the AllianceFlordia master-planned business park.

PELLISIER LOGISTICS - COLTON, CA

The Pellisier Logistics Center subproject is anticipated to consist of a single 229,000 square foot class-A logistics facility to be constructed in Colton, California. The property is in the East Inland Empire market with excellent access to the I-10 and I-215 freeways. The land is owned by Hillwood on a fee simple basis, all required approvals and permits have been received and construction activities have commenced. Additionally, Hillwood has engaged Cushman & Wakefield of Ontario to provide marketing and leasing services for Pellisier Logistics Center following the completion of the facility.

SOUTH LOOP BUSINESS PARK - ALAMEDA, CA

The South Loop Business Park subproject is anticipated to consist of three class-A, light industrial/flex/R&D buildings to be constructed on approximately 18 acres of land in Alameda, California totaling 321,480 square feet. The subproject is a joint-venture development between Hillwood and srmErnst Development Partners, which will be part of the Harbor Bay Business Park, a master-planned business park. The infill site provides convenient access to the I-880 corridor via a 5-minute connection on the Ron Cowan Parkway. The Hillwood srmErnst joint-venture partnership has acquired the land, has commenced construction and will be responsible for offering each individual building for lease and/or sale to potential users upon their completion

EB-5 ATTRIBUTES

  • Total EB-5 Loan: $42 million
  • Total Project Spending: $217,447,378
  • Estimated Jobs from Development & Construction: 1,001
  • Approximately 11.92 jobs per investor

PROJECT TIMELINE

Development and construction activities have commenced for all of the subprojects. Completion of all construction activity is targeted for early 4th Quarter 2020.

Hillwood

In 1988, Ross Perot, Jr. founded Hillwood based on the core values of character, courage and integrity. Rooted in a strong entrepreneurial vision, Hillwood is committed to bringing long-term value to our customers and partners through real estate development, investments and public-private partnerships. (https://www.hillwood.com/About/AboutUs.aspx)

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