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Newcastle Sells Speculative Development in Chino Hills

San Francisco-based Newcastle Partners, Inc. sold Chino Hills Commerce Center for $15.9 million. The 100,326-square-foot Class A industrial facility is located at 15292 Fairfield Ranch Road in Chino Hills, CA.

The asset was acquired by TP-Link USA Corporation, a provider of consumer networking products, such as routers, range extenders, switches, and network adapters. The new owner-user plans to move into the space immediately, and is relocating and expanding from its current Brea, CA location.

Newcastle Partners completed development of the facility on a 4.87-acre site in November. The property features more than 5,300 square feet of two-story office space, 32-foot warehouse clearance, an ESFR sprinkler system, 10 dock-high loading doors, one grade-level door, 118 auto parking spaces, and a secured truck court and yard area.

Kidder Mathews’ Brian Bennett represented the buyer. CBRE David Consani and Jim Koenig advised the seller.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition