Newcastle Partners / Press

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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... 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

San Francisco, CA (December, 2015) - Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, announces a flurry of activity in the Inland Empire industrial markets of Los Angeles. Newcastle has acquired 3.6 acres of land located at 5490 Schaefer Avenue in Chino, Calif. for development of a 78,000-square-foot industrial building. Newcastle 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 industrial building that is div... Read More

Harley Knox

San Francisco, CA (October, 2014) - Newcastle Partners Inc. has purchased 8.2 acres at the northwest corner of Harley Knox Boulevard and Harvilll Avenue, according to a company statement. The property, which sold for an undisclosed sum, is on the southern edge of March Air Reserve Base next to Interstate 215. Newcastle Partners plans to build a 140,000-square-foot facility on the site that will be suitable for warehouse, distribution and manufacturing uses. The transaction was announced Friday. Construction on Harley Knox Logistics Center is expected to start in August and be finished by next spring. The project, which will be worth about $13.5 million on complet... Read More

San Francisco, CA (December, 2014) – Newcastle Partners, a San Francisco-based real estate investment and development company, completed an aggressive amount of activity in 2014. By year- end the firm will have acquired, developed or sold 3.9 million square feet of industrial and office property throughout Southern California, San Francisco Bay Area, and Portland. This activity is more than double the firm’s 2013 activity. "What’s been exciting about the breadth of our activity this year is that we’ve been aggressively building and buying in two of the most economically active markets in the country,” said Dennis Higgs, Founder and Managing Partner with Newcastl... Read More

San Francisco, CA (November, 2014) – Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, has announced the $43.5 million sale of a 600,000- square-foot industrial property that is situated on 26.95 acres within Meridian Business Park in Riverside, a city within the Inland Empire region of Southern California. Newcastle Partners completed construction of the property, located at 14600 Innovation Drive, in late 2013. Phil Lombardo and Chuck Belden of Cushman & Wakefield represented Newcastle Partners as well as the China-based buyer, Scuderia Development, LLC. The buyer plans to occupy the facility for use in warehousing and... Read More

WEST ONTARIO DISTRIBUTION CENTER

San Francisco, CA (October, 2014) – Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, has just completed two significant transactions in Ontario, California. The firm has sold West Ontario Distribution Center, a 90,250-square-foot industrial warehouse property for $8.3 million and just acquired 5.12 acres of land for development of a 102,440-square-foot state-of-the-art industrial facility. Located at 2080 S. Cucamonga Ave. Newcastle Partners is pleased to announce the sale of an industrial warehouse facility that the firm completed in June of this year. Situated on 4.77 acres, the asset has sold to Peter Lin, an owner/user ... Read More

San Francisco, CA (September, 2014) – Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, has acquired 13 acres of land for industrial development. The site is located at Opportunity Way within Meridian Business Park, a 1,290-acre master-planned commerce center in Riverside, a city within the Inland Empire region of Southern California. With this latest acquisition, Newcastle Partners’ development activity within the park now totals 1.37 million square feet on 66 acres of land. Newcastle plans to develop a new speculative industrial distribution facility totaling 260,000 square feet at the site. Construction is anticipated t... Read More

San Francisco, CA (January, 2014) - Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, announced today it has sold a five-story, 75,000-square-foot office building located at 246 First Street in San Francisco for $39 million. The property is well-located within downtown’s South Financial district and adjacent to the Transbay Terminal and the Salesforce Tower, soon to be San Francisco’s tallest building and dominating the skyline. Built in 1929, the building features a distinctive Art Deco style and coveted interior architectural elements, which include ceiling heights of over 20 feet on the ground floor and ceiling heights ... Read More

San Francisco, CA (February, 2013) – Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, has acquired 25.74 acres of land, located at Opportunity Way and Meridian Parkway in Meridian Industrial Park in Riverside, Calif., for new speculative development. The firm will start construction mid-2014 on a 510,000-square-foot Class A distribution building. The new construction will be the second phase of Newcastle’s Meridian Distribution Center. The firm completed construction at the end of 2013 of a 600,000-square-foot Class A distribution building located at 14600 Innovation Drive in the Meridian Industrial Park, a 1,290-acre mas... Read More