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California  + Inland Empire  + Industrial  | 

Newcastle Sells Perris Industrial Facility

San Francisco-based Newcastle Partners, Inc. divested Harley Knox Logistics Center for $16.35 million. The 147,000-square-foot Class A industrial facility is located at 17610 Harvill Ave. 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, the property is situated on 8.21 acres and features 104 parking stalls, 26 loading docks, 32-foot clear height, and a 160-foot truck court.

Newcastle’s Jackson Smith says, “With an irreplaceable freeway-visible location and a high-quality long term tenant in place, we received over a dozen offers to purchase the project. We set a new high-water mark in terms of price per square foot in this size category in the Inland Empire.”

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For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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