A private equity property company based in Boston has completed a deal for the purchase of Willow Springs International Raceway in California, the Drive reported on Friday.
Crossharbor Capital Partners, which specializes in “Immobilien -Turnarounds” for commercial properties and currently has a real estate portfolio worth over 10 billion US dollars, confirmed the website that a deal is pending for the purchase of the historical route opened in 1953 .
Willow Springs had that Same owner in the past 62 yearsThe Huth family, but was offered for sale at an undisclosed price last year. The route has been kept in more or less the same state over the decades, so that other race tracks have modernized more on a rich customers and concentrated on a wide range of customers – or simply in apartment strips, shopping centers or industrial parks – has remained Willow Springs And has remained unpretentious and remained accessible.
Willow Springs International Raceway (picture about Loopet)
It remains to be seen whether this will be the case under new property. In a statement to The Drive, a Crossharbor spokesman said that the company “preserves the access of the heritage and enthusiasts to Willow Spring and at the same time set up the property for growth and success in the future”.
This gives hope that Willow Springs stays more or less as it is. Opened in 1953, it is actually a Complex of seven tracesincluding the 2.5 mile course by Big Willow, Streets of Willow and Horse Thief Mile, together with a ski pad, a autocross area and a dirt oval.
Willow Springs International Raceway (picture about Loopet)
Is around 80 miles north of Los AngelesWillow Springs has never been a main support of large professional races. But it is very popular with enthusiasts, also because the Huth family has it accessible and cheap. It was also a location for “Ford v. Ferrari”, which is suitable Ken MilesWho the story of the film is used with has contributed to designing the facility.
Willow Springs is not the only route that has recently been offered for sale. The Palm Beach International Raceway was offered for sale at the beginning of this year, and real estate lists for the Oregon Raceway Park and the Grattan Raceway of Michigan have also appeared in recent years.
