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Group 75 - Hillwood Commerce 275

THE GROUP 75 PROJECT

CMB Infrastructure Investment Group 75, LP (“Group 75”) will provide an EB-5 loan to a Hillwood Development Company affiliate to finance various phases of the development and construction of multiple logistic and warehouse facilities in the State of Michigan.

COMMERCE 275:

Commerce 275 is a 663-acre (268 hectares), master-planned, multi-phased, business park currently under development and located approximately two miles South of Detroit Wayne Metropolitan Airport in Huron Township, Michigan.
The Building 1 and Building 2 subprojects, also referred to as Phase I of the Commerce 275 master-planned business park, will consist of two speculative buildings ideally suited for distribution and logistics warehouse tenants seeking up to 600,000 SF (55,742 square meters) [Building 1 – 350,000 SF (32,516 square meters) and Building 2 – 250,000 SF (23,226 square meters)]. The Building 1 and Building 2 site is located at the northeast corner of Wahrman Road and Prescott Street, offering easy access and visibility from I-275.
The build-to-suit (“BTS”) subproject will be constructed on a separate 51.5-acre (20.8 hectares) land site within the Commerce 275 business park. Upon completion the development will consist of 517,500 SF (48,077 square meters) of industrial warehouse. The site is located at the southwest corner of Pennsylvania Rd., and Vining Rd. Hillwood has entered into confidential negotiations with a Fortune 500, major e-commerce retailer to complete a 15-year lease for the facility.

EB-5 ATTRIBUTES

• Total EB-5 Loan: $26.1 Million (up to 29 investors)
• Total Project Spending: $88,601,045
• Estimated Jobs from Development & Construction: 553
• 90.69% Job creation buffer

PROJECT TIMELINE

Development activities have commenced with vertical construction anticipated to begin Q2 2020. Completion of all construction activity is targeted for Q3 2021.
Ross Perot, Jr. serves as Chairman of Hillwood, which he founded in 1988. In addition, Mr. Perot is the Chairman of The Perot Group, which manages the various Perot family interests which include real estate, oil and gas and financial investments. Hillwood is ranked among the top ten real estate developers in the United States and is recognized for its high-profile projects and public-private ventures.

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