$27.5M in construction financing secured for a speculative 408K SF industrial property in Hesperia, CA
JLL Capital Markets led the financing efforts for Newcastle Partners' planned development located in the Inland Empire
LOS ANGELES, Mar. 20, 2025 – JLL Capital Markets announced today that it has arranged $27.5 million in construction financing for Mesa Linda Logistics Center, a 408,997-square-foot industrial warehouse and distribution facility to be built in Hesperia, California.
JLL worked on behalf of the sponsor, Newcastle Partners, to secure the floating-rate, non-recourse construction loan through a bank.
Scheduled to deliver in Q1 2026, the Class A facility will feature 36-foot clear heights, 54 dock-high doors, 57 trailer parking stalls, 215 auto parking spaces, an ESFR sprinkler system and a combined 12,000 square feet of office and mezzanine space.
The 17.54-acre site is strategically located in Hesperia, considered the gateway to the Inland Empire North and a burgeoning logistics hub. The property has easy access to major freeways including I-15, I-40, US-395, CA-18 and CA-138, placing it within a four-hour drive of 27.3 million people. It is also strategically located near key transportation hubs: 90 miles from the Ports of Los Angeles and Long Beach (the largest port complex in the nation), 13 miles from Southern California Logistics Airport, 35 miles from Ontario International Airport and 91 miles from Los Angeles International Airport.
The JLL Capital Markets team was led by Senior Managing Director Greg Brown, Director Samuel Godfrey and Associate Allie Black.
"Mesa Linda Logistics Center's strategic positioning will allow it to serve as a critical regional distribution facility, capitalizing on the booming e-commerce industry and addressing the growing need for rapid, efficient logistics solutions in Southern California," said Brown. "The attractive financing terms we've secured for this development reflect the strength of the sponsor, the quality of the asset and the overall health of the Inland Empire industrial market."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Newcastle Partners
Newcastle Partners is a privately held, full-service, commercial real estate investment and development company focusing exclusively in the greater Los Angeles and San Francisco marketplaces. The company is uniquely positioned to execute a variety of strategies to add incremental value, including land entitlement, new construction, and asset repositioning. Founded in 1999, the firm has established itself as an experienced investor/developer with superior risk-adjusted returns on behalf of a deep list of institutional and private investors.