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| Meridian Industrial Park, 14600 Innovation Drive, Meridian Industrial Park, Riverside, CA |
SAN
FRANCISCO, CA – Newcastle Partners, Inc., a San Francisco-based real estate
investment and development company, has completed construction of a
600,000-square-foot Class A distribution building located at 14600 Innovation
Drive in the Meridian Industrial Park in Riverside, Calif.
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| Phil Lombardo |
The
state-of-the-art facility is situated on the west side of the 215 freeway,
offering excellent visibility to the freeway and strategic access to Southern
California and the ports. The building features include: 32' clear height, ESFR
sprinkler system, 200' truck courts, and immediate access to the 215 freeway.
“This project is consistent with Newcastle Partners’
strategy of aggressively growing a substantial industrial portfolio in the
Inland Empire,” said Dennis Higgs, Newcastle Partners’ Managing Partner
and Founder.
“The Inland Empire industrial market continues to outperform
other national markets across all fundamentals. We’ll continue to invest in
this region as corporate America continues to expand here.
"Our building offers the highest construction quality
as well as the best identity and security in the entire market, for both the
Inland Empire East and West.”
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| Chuck Beldon |
According to Jackson Smith, who heads Southern California
operations for Newcastle Partners, the property has already attracted a
significant amount of interest.
“Large, corporate users are actively seeking to
either bring their distribution activity into the Inland Empire market, or they
are local and are seeking to relocate and/or expand into new, quality product
of this size requirement.”
Leasing agents for the Meridian Industrial Park facility are
Phil Lombardo and Chuck Beldon of Cushman and Wakefield.
Founded in 1999, Newcastle Partners, Inc. is a real estate
investor and developer focused on industrial, office and business park
properties in California.
Newcastle Partners has a proven track record of creating
substantial value. Newcastle Partners has offices in Irvine and San Francisco,
California, and currently owns or has recently developed more than $728 million
of properties.
Visit Newcastle Partners at www.newcastlepartners.com
For a complete copy of the company’s news release, please
contact:
Darcie Giacchetto
Spaulding Thompson & Associates
949.278.6224
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