Real estate developer secures $27.5 Million loan for logistics center in Hesperia

Published on

Photo credit: JLL Capital Markets

CALIFORNIA – Newcastle Partners, a real estate development firm, has secured $27.5 million in financing for the Mesa Linda Logistics Center, a 408,997-square-foot industrial warehouse and distribution facility under construction in Hesperia.

JLL Capital Markets arranged the construction loan with a variable interest rate.

“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 JLL Capital Markets senior managing director Greg Brown. 

Center to be completed in the first quarter of 2026

Mesa Linda Logistics Center is being constructed without a specific tenant in place, with the expectation that it will attract tenants upon or before completion.

The Class A facility will feature 36-foot clear heights, 54 dock-high doors, 57 trailer parking stalls, 215 auto parking spaces. It also has an Early Suppression Fast Response (ESFR) sprinkler system and a combined 12,000 square feet of office and mezzanine space.

It is slated for completion in the first quarter of 2026.

Hesperia has lower land costs and abundant labor supply

Newcastle isn’t the only company developing industrial space in Hesperia.

Amazon purchased, at the end of October, 200 acres in Hesperia for $161.9 million. Included in the purchase is the entitlement to build a 2.5 million sq. ft. warehouse, according to Bisnow.

Don Ankeny, CEO of Westcore, a commercial real estate investment firm, told Commercial Property Executive last year that the company had built a 1.2 million-square-foot spec warehouse in Hesperia because of lower land costs and an abundant labor supply. 

He said Maersk leased the facility before construction was completed.

RELATED: Amazon purchases 200 acres in SoCal for $162 Million to build warehouse

spot_img

Latest articles

Sen. Josh Hawley introduces $600 tariff rebate bill

Senator Josh Hawley (R-Mo.) introduced the American Worker Rebate Act, proposing rebate $600 checks...

California court sentences AML Bitcoin founder to 7 years for $10 Million fraud

CALIFORNIA – The U.S Department of Justice (DOJ) announced that cryptocurrency CEO Rowland Marcus...

Americorps California reopens recruitment for paid service roles

CALIFORNIA – California Volunteers has resumed AmeriCorps recruitment after federal cuts sidelined thousands of...

P&G to raise U.S. prices on 25% of products amid tariff pressures, cut 7,000 jobs over two years

Procter & Gamble (P&G) announced July 29 that it plans to raise prices on...

More like this

New homes cheaper than existing ones in California by $193,000

CALIFORNIA – A new LendingTree study finds that existing homes in California are significantly...

CA lawmaker proposes bill to expand ADU financing without affecting low-interest first mortgages

CALIFORNIA – Congressman Sam Liccardo (D-CA) and Congressman Andrew Garbarino (R-NY) introduced the bipartisan...

CA bill to extend 3-day rent notice to 14 days stalls in Assembly

202520260SB436_Assembly Judiciary CALIFORNIA – SB 436, a bill that would extend the time tenants...