The transformation of one of Southern California's most iconic racing venues into an industrial campus has reached a major milestone with the completion of its first phase.
Known as Speedway Commerce Center, the multiyear redevelopment is set to turn the former Auto Club Speedway site in Fontana into a roughly 6.6 million-square-foot logistics hub. Its first phase of development has opened, earning a 2026 CoStar Impact Award for commercial development of the year, as judged by real estate professionals familiar with the market.
Texas-based Hillwood Investment Properties, in partnership with a CBRE Investment Management–sponsored fund, is spearheading the redevelopment.
Phase one was completed last year, delivering roughly 1.8 million square feet across two state-of-the-art industrial facilities tailored for high-volume distribution and modern e-commerce operations.
The buildings feature 40-foot clear heights, cross-dock loading, 185-foot concrete truck courts, LED warehouse lighting, ESFR sprinkler systems and an unusually high capacity for trailer parking. Each of those amenities was implemented to support tenant companies looking to optimize their supply chain and optimize efficiency in an otherwise constrained submarket.
Future phases of development are expected to include built-to-suit opportunities ranging from 900,000 square feet to over 3 million square feet — making Speedway Commerce Center one of only a few development sites in the Inland Empire West offering that level of contiguous scale.
The Inland Empire remains the most sought‑after industrial market in the United States, supported by one of the nation's largest logistics labor pools. More than that, Speedway Commerce Center itself sits at the nexus of interstates 10 and 15 — a vital goods‑movement corridor in Southern California.
The campus also offers direct connectivity to Ontario International Airport, regional intermodal rail infrastructure and the ports of Los Angeles and Long Beach, making it a strategic option for distributors seeking fast access to regional, national, and global markets.
About the project: Hillwood evaluated 13 racetrack sites across the U.S. before it acquired the former Auto Club Speedway site in 2023. With Phase one now complete and additional phases queued for tenant commitments, Speedway Commerce Center is positioned to become a cornerstone of the region's next generation of supply‑chain infrastructure. For large occupiers seeking efficiency, proximity and long-term scalability, the project provides a rare opportunity to secure a competitive advantage amid tightening industrial availability.
What the judges said: "Speedway Commerce Center exemplifies next-generation industrial design at unmatched scale in the Inland Empire's most strategic logistics corridor. Its premier location, modern specifications, and capacity to accommodate the largest distribution users make it a transformative project with lasting regional and national supply chain impact," said Jacinto Muñoz, managing director at Cogito Realty Group.
"These large development projects take years of planning and coordination to work through and this project deserves credit for successfully unlocking and repurposing the raceway to maximize the full potential and complete the first of several buildings to come," said Eric Washle, senior vice president at Coldwell Banker Commercial SC.
They made it happen: Scott Morse, executive vice president at Hillwood Development Corp., oversaw the development. CBRE owns the property alongside Hillwood and is handling leasing. That team includes Vice Chairman Daniel De la Paz, Executive Vice President Eloy Covarrubias, Executive Vice President Joe Werdein, Vice Chairman Barbara Perrier and Vice Chairman/Managing Director Darla Longo.