Irvine, CA (September, 2019) – Rockefeller Group, a leading real estate developer, owner and operator, announced today that it has broken ground on a 203,944 square foot speculative distribution center located on 8.78 acres of industrial land in Moreno Valley, Calif. The new building, which follows Rockefeller Group’s recent completion of two million square feet of new industrial product in the Inland Empire, will be marketed as Centerpointe Commerce Center and is expected to be completed in summer 2020. “The strong market demand for small to medium-sized industrial buildings in the Inland Empire has continued unabated due to low vacancy rates,” said Marc Berg, Vi... Read More

San Francisco, CA (September, 2019) – Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, together with its partner Drake Real Estate Partners, has sold 900 Kearny Street, a 30,000-square-foot, six-story office building in San Francisco for $27 million. The asset is 100 percent occupied by EastWest Bank, Bitmami, and Novani, among others. The buyer was Brick and Timber Collective, LLC. Built in 1989, 900 Kearny is located in San Francisco’s Jackson Square submarket, and is centrally located near public transportation, high-end retail and restaurants, and executive housing. “Jackson Square is strategically located at the... Read More

San Francisco, CA (June, 2018) -- Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, is pleased to announce it has sold Harley Knox Logistics Center for $16.35 million. The 147,000-square-foot Class A industrial facility is located at 17610 Harvill Avenue in Perris, CA and is fully occupied by Hardwoods Specialty Products on a long-term lease. The buyer, TA Realty, LLC, represented itself in the transaction and Cushman & Wakefield, led by Jeff Chiate and Mike Adey represented Newcastle Partners. With construction completed in September 2017, Harley Knox Logistics Center is situated on 8.21 acres and features 104 parking ... Read More

San Francisco, CA (November, 2017) – Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, is pleased to announce it has signed a full-building lease at Harley Knox Logistics Center, a newly developed Class A industrial facility located at 17610 Harvill Avenue in Perris, CA. The 147,000-square-foot lease spans 10 years and is with Hardwoods Specialty Products. Founded in 1926, Hardwood Specialty Products is the premier distributor of hardwood veneers, plywood and solid lumber products, MDF, melamine, particleboard and specialty products in North America. The company will be moving approximately 30 employees into its new space J... Read More

San Francisco, CA (July, 2017) – Newcastle Partners, a West Coast-based full-service commercial real estate investment and development company, in connection with Westport Capital Partners, a real estate investment firm specializing in distressed, opportunistic and core plus real estate investing, has announced the formation of a Joint Venture[1] for the acquisition of a two-story creative office building located at 5830 Rodeo Road in Los Angeles. The Joint Venture acquired the 40,000-square-foot office building from a commercial property user who has owned the building for approximately 30 years and is planning a full -scale renovation of the property.  First Property Co... Read More

San Francisco, CA (June, 2017) – Newcastle Partners, a West Coast- based full-service commercial real estate investment and development company, in connection with Drake Real Estate Partners, a NY-based real estate and investment management firm, has announced the acquisition of 900 Kearny Street, a 30,000-square-foot, six-story office building in San Francisco. Newcastle acquired the property via an off-market transaction from a local family that has owned the building since 1991. At 80 percent leased, 900 Kearny is home to a diverse group of ten commercial office and retail tenants. The new ownership plans to undertake a value-add creative office renovation business plan... Read More

San Francisco, CA (March, 2017) - Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, recently completed construction of Knox Logistics Center, a 147,000-square-foot industrial building in Moreno Valley. Valued at approximately $14 million, the property is located at 17610 Harvill Avenue. The Class A facility is situated on 8.21 acres and features 104 parking stalls, 26 loading docks, 32” clear height, and a 122’ truck court. Its corporate neighbors include Kraft Foods, Amazon, Lowes, Home Depot and a host of other Fortune 500 companies, and offers direct access to the freeway via the Harley Knox Blvd. on/off-ramp. The prope... Read More

San Francisco, CA (September, 2016) - Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, announced today it has sold Ontario Airport Distribution Center, a 102,440-square-foot Class A industrial property, for $12 million to an owner-user in Ontario, CA. Newcastle Partners completed construction on the facility this month. The buyer, Parter Medical Products, LLC, is a preeminent manufacturer of quality, single use, plastic, laboratory products for healthcare, medical and pharmaceutical research markets. With two locations in Carson, CA, this new facility is Parter’s first in the Inland Empire. The property is situated on 5.12... Read More

San Francisco, CA (March, 2016) - Newcastle Partners, a San Francisco-based real estate development company, recently commenced construction of two industrial facilities totaling in excess of 570,000 square feet in the Inland Empire cities of Riverside and Chino. The first facility, Meridian Distribution Center II, totals 503,500 square feet and is situated on a 26.93-acre land parcel at 22000 Opportunity Way in Riverside. Completion is anticipated for summer 2017 and its value upon build-out is estimated to be approximately $38 million. The Class A industrial facility will include 88 dock high doors, two ground-level doors, 150 trailer parking stalls, and 217 car parking... Read More

San Francisco, CA (January, 2016) - Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, is currently involved in a flurry of activity in the Inland Empire industrial markets of Southern California. Most recently, Newcastle acquired 3.6 acres of land located at 5490 Schaefer Avenue in Chino, Calif. for development of a 78,000-square-foot industrial building. The firm plans to commence construction in the spring of 2016 with completion at the end of 2016. Newcastle was represented by Patrick Bogan, Steve Coulter and Henry Hong of Lee & Associates in the land sale, acquired from the City of Chino. Newcastle plans to build an... Read More