{"id":1004769536,"date":"2025-08-25T04:04:05","date_gmt":"2025-08-25T12:04:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004769536"},"modified":"2025-08-25T04:05:38","modified_gmt":"2025-08-25T12:05:38","slug":"newcastle-breaks-ground-on-inland-empire-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/newcastle-breaks-ground-on-inland-empire-project\/","title":{"rendered":"Newcastle Breaks Ground on Inland Empire Project"},"content":{"rendered":"\n

Newcastle Partners has broken ground on a 406,138-square-foot Class A, speculative industrial development in Hesperia, Calif.<\/p>\n\n\n

\n
\"Construction<\/a>
Voit Real Estate Services and Newcastle Partners have announced the groundbreaking of a 406,138-square-foot industrial development at 9260 Mesa Linda Street, Hesperia, Calif. Image courtesy of Voit Real Estate Services<\/em><\/figcaption><\/figure><\/div>\n\n\n

The project\u2019s delivery is expected in the second quarter of next year, and the building is currently available for sale or lease. Voit Real Estate Services handles all marketing, sales and leasing efforts for the property.<\/p>\n\n\n\n

Commercial Property Executive<\/em> reported<\/a> in March that Newcastle Partners had secured $27.5 million in construction financing for their project, dubbed Mesa Linda Logistics Center. A JLL Capital Markets team led by Senior Managing Director Greg Brown, Director Samuel Godfrey and Associate Allie Black arranged the floating-rate, non-recourse loan through a bank.<\/p>\n\n\n\n

The approximately 18.26-acre site at 9260 Mesa Linda St. provides immediate access to I-15 (the Barstow\/Mojave Freeway), which the developers note makes the property ideal for a buyer or tenant looking for a logistics or distribution hub in the region. This is particularly so, Voit asserts, given Amazon\u2019s commitment to Hesperia.<\/p>\n\n\n\n

\n\n\n\n

READ ALSO<\/strong>: Industrial Vacancy Climbs, Development Holds and Pricing Adjusts<\/a><\/p>\n\n\n\n

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The e-tailer is underway on a 2.5 million-square-foot \u201cmiddle mile\u201d distribution facility on Phelan Road in Hesperia, according to a local newspaper report. That building reportedly will deliver in late 2026.<\/p>\n\n\n\n

As of March, Mesa Linda Logistics Center was to feature 36-foot clear heights, 54 dock-high doors, 57 trailer parking stalls, 215 trailer parking spaces, ESFR sprinklers and 12,000 square feet of office and mezzanine space.<\/p>\n\n\n\n

The Voit brokerage team handling the project\u2019s marketing, sales and leasing activities is being led by Ryan Lal, senior vice president, and Dante Borruso, vice president, both of Voit\u2019s Ontario office.<\/p>\n\n\n\n

\"Mesa
Mesa Linda Logistics Center is slated for delivery in the second quarter of 2026. Image courtesy of JLL Capital Markets<\/em><\/figcaption><\/figure>\n\n\n\n

A bit of wilting in the desert<\/h2>\n\n\n\n

The industrial space market in the Inland Empire saw overall vacancy rise to 6.0 percent in the second quarter, alongside a 12.3 percent total availability, according to a recent report from Kidder Mathews.<\/p>\n\n\n\n

One result has been more caution by developers, and another has been lower rents, which currently average $1.04 as a direct asking rate.<\/p>\n\n\n\n

\u201cDespite softer e-commerce growth, demand remains for specialized spaces such as cold storage and last-mile logistics,\u201d Kidder Mathews reported. \u201cHigh-efficiency buildings are leasing well, while older, less adaptable facilities face pressure.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The speculative building is scheduled for completion in 2026. <\/p>\n","protected":false},"author":882,"featured_media":1004769566,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,34027,21742,15],"tags":[33612,34702,35357],"class_list":["post-1004769536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-inland-empire","category-latest","category-west","tag-kidder-mathews","tag-newcastle-partners","tag-voit-real-estate"],"acf":[],"yoast_head":"\nNewcastle Breaks Ground on Inland Empire Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Newcastle Partners has broken ground on a 406,138-square-foot Class A, speculative industrial development in Hesperia, Calif.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/newcastle-breaks-ground-on-inland-empire-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newcastle Breaks Ground on Inland Empire Project\" \/>\n<meta property=\"og:description\" content=\"Newcastle Partners has broken ground on a 406,138-square-foot Class A, speculative industrial development in Hesperia, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/newcastle-breaks-ground-on-inland-empire-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-25T12:04:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-25T12:05:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/9260_Mesa_Linda_Hesperia_wallstitling.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/newcastle-breaks-ground-on-inland-empire-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/newcastle-breaks-ground-on-inland-empire-project\/\",\"name\":\"Newcastle Breaks Ground on Inland Empire Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/newcastle-breaks-ground-on-inland-empire-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/newcastle-breaks-ground-on-inland-empire-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/9260_Mesa_Linda_Hesperia_wallstitling.jpg\",\"datePublished\":\"2025-08-25T12:04:05+00:00\",\"dateModified\":\"2025-08-25T12:05:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Newcastle Partners has broken ground on a 406,138-square-foot Class A, speculative industrial development in Hesperia, Calif.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/newcastle-breaks-ground-on-inland-empire-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/newcastle-breaks-ground-on-inland-empire-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/newcastle-breaks-ground-on-inland-empire-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/9260_Mesa_Linda_Hesperia_wallstitling.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/9260_Mesa_Linda_Hesperia_wallstitling.jpg\",\"width\":800,\"height\":620,\"caption\":\"Voit Real Estate Services, in partnership with Newcastle Partners, has announced the groundbreaking of a new 406,138-square-foot industrial development at 9260 Mesa Linda Street, Hesperia, Calif. 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