Newcastle Secures Construction Loan for Class A Spec

JLL Capital Markets 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. The team of senior managing director Greg Brown, director Samuel Godfrey and associate Allie Black worked on behalf of the sponsor, Newcastle Partners, to secure the floating-rate, non-recourse construction loan through a bank.

“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.”

Scheduled to deliver in the first quarter of 2026, the speculative 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.