Newcastle's facility will be situated at 22200 Opportunity Way, one block south of the Innovation Way development, offering excellent visibility and access to Interstate 215 providing strategic proximity to the greater Southern California region and the ports of Los Angeles and Long Beach. Building features include: 32' clear height, ESFR sprinkler system, and up to 360' truck courts.

Phil Lombardo, EVP of Cushman & Wakefield, shared that the firm tracked new leasing activity in the Inland Empire at the end of 2013 at 30.5 million square feet, the second highest level since Cushman & Wakefield began tracking industrial stats. Only 2005 produced more leasing activity.

Lombardo also explains that strong activity in large build-to-suits were a major reason for the increase in leasing. Lombardo and Chuck Belden are the leasing agents for Meridian Distribution Center I and II.

"It's important to add that a great deal of the tenants are also consolidating their facilities into bigger buildings located here," says Lombardo. "This market can provide the location, new facilities and an aggressive price that makes sense for their operations."

Jackson Smith, who heads Southern California operations for Newcastle Partners, says that another benefit to being in Meridian is the ability to provide users with a secure building amongst other high profile companies within a master planned industrial park environment that better reflects their corporate image.