CMB Infrastructure Investment Group 78, LP (“Group 78”) is a $800,000 investment opportunity which will provide EB-5 loan funds of up to $75.5 million to a Hillwood Development Company affiliate to finance various phases of the development and construction of two industrial logistics subprojects known as Waterman TI and Veterans Industrial Park I-215.
Waterman TI – San Bernardino, CA
The Waterman TI subproject, also known as Gateway South Building 4, involves the development and construction of tenant specific interior buildout required to serve as a stateof- the-art fulfillment center for Amazon.com. The Class-A fulfillment center consists of approximately 1,000,000 square feet (92,903 m2) and is located within the AllianceCalifornia master-planned business park in San Bernardino, California. Amazon, as outlined in the lease agreement, will be required to reimburse Hillwood for certain costs incurred in completing the buildout upon its satisfactory completion.
Veterans Park I-215 – Riverside, CA
The Veterans Industrial Park I-215 subproject, also known as VIP 215, will consist of the development and construction of an approximately 2,000,000 square foot (185,806 m2) built-to-suit modern distribution facility for Target Corp. Inc., a Fortune 500 (top 40) retailer. The distribution facility will be constructed on approximately 142.5-acres (58 hectares) of land once part of the former March Air Force Base in Riverside County, California. The project region is one of the most sought-after logistics markets in the country, the Inland Empire region of Southern California.