Barings Provides $138.6 Million in Financing for Speedway Commerce Center in the Inland Empire, California

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world’s leading alternative investment managers, announced today that it has provided $138.6 million in first mortgage financing to refinance Speedway Commerce Center, which consists of two Class A industrial buildings totaling approximately 656,000 square feet in Rancho Cucamonga, California. The financing was provided to Hillwood, one of the nation’s premier industrial developers.

“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.”

“Hillwood is pleased to extend its relationship with Barings to our US industrial business, following the firms’ work together in Europe,” said Benton Hyatt, Senior Vice President of Debt Markets at Hillwood. “This financing supports the continued, efficient operation of Speedway Commerce Center and builds on Hillwood’s momentum in the Inland Empire.”

Speedway Commerce Center consists of two newly constructed Class A industrial buildings totaling approximately 656,000 square feet and is 100% leased. The property offers modern distribution specifications, including high clear heights, ample trailer and automobile parking, and extensive loading capabilities. It is strategically 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.

About Barings

Barings is a $500 billion* global alternative asset manager that partners with institutional, insurance, and wealth clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual with a minority investment from MS&AD, seeks to deliver excess returns by leveraging its global scale and capabilities across credit, real assets, capital solutions and emerging markets.

*As of September 30, 2026

About Hillwood

Hillwood, a Perot Company, is a full-service industrial real estate developer, investor, and advisor focusing on institutional-grade industrial properties. The company was launched as a platform for Hillwood to develop and acquire industrial properties in locations outside of AllianceTexas, in Fort Worth, Texas. Today, Hillwood is a leader in developing and acquiring high-quality industrial properties across North America and Europe, including the United Kingdom, Germany, and Poland.