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Newcastle Partners, a San Francisco-based real estate investment and development company, has secured $27.5 million in construction financing to build a 408,997-square-foot Class A speculative industrial warehouse and distribution facility in Hesperia, Calif.

Located on 17.5 acres in the Inland Empire North market, Mesa Linda Logistics Center is slated for delivery in the first quarter of 2026.

JLL Capital Markets arranged the floating-rate, non-recourse loan through a bank. Further details on the financing were not disclosed. The team was led by Senior Managing Director Greg Brown, Director Samuel Godfrey and Associate Allie Black.