Strategically focused on investing in retail, multi-family, hospitality, and mixed-use.

Established in 1989, Newcastle Properties, LLC is a private real estate investment firm operating a diversified national investment strategy.

WHO WE SERVE

We prioritize client relationships

About us

Five Decades of Successful Real Estate Investment

Newcastle Properties was founded by James D. Devine and John E. Gross, two highly successful commercial real estate brokers in Chicago. Working for the legendary Arthur Rubloff & Co., they eventually joined together to start investing for their own account. With retail real estate as their initial focus, the portfolio of properties grew significantly, at one time topping 3,800,000 sf and currently totaling over 2,800,000 sf. 

Testimonial

What our clients say about us

Andrew Bulson

Principal | Mid America Real Estate

Having worked with Newcastle Properties for nearly thirty years on a variety of transactions, I have consistently found them to be an exceptionally capable and reputable organization. Their deep market knowledge, professionalism, and financial capabilities ensure they are always able to deliver outstanding results for my clients. I highly value our long-standing partnership and look forward to many more successful deals together.

Dan Hubbard

Senior Vice President | CBRE

I’ve enjoyed working with the Newcastle Properties team in Nevada and appreciate their professionalism, market insight, and attention to detail. They are well prepared, efficient, and consistently great to work with on retail transactions, taking the time to build relationships with local brokers and openly share market knowledge that adds value to every deal.

Jim O’Brien

President | Midwest Construction Partners

Newcastle Properties has been a valued client and trusted partner for many years. Throughout our working relationship, their team has consistently operated with professionalism, honesty, and a genuine commitment to delivering high-quality projects.

We’ve always appreciated their collaborative approach, attention to detail, and the respect they show to everyone involved in the process. Newcastle understands the importance of building long-term relationships, and that has made our partnership both successful and enjoyable over the years.

We are grateful for the opportunity to work alongside Newcastle Properties and are proud to continue supporting their projects. We look forward to many more years of partnership together.

John May

President | Prodigy Real Estate Group

It has been my pleasure to interact with Newcastle Properties (NP) over many years.  I give them my full endorsement as a highly capable operator of commercial real estate.  In one specific example I was acting as the exclusive agent in the disposition of a large community shopping center.  NP pursued the property during the marketing cycle and was selected as winning purchaser.  The seller was a pension fund advisor with a stringent set of transaction guidelines.  NP moved quickly through contract negotiation and due diligence process.  They closed on the transaction on time and without any type of unnecessary price re-trade.  In particular I would like to recognize Michael Horne.  As a senior member of the NP team he represents them well, displaying a high degree of acumen and professionalism.  I look forward to the opportunity to work with Newcastle Properties again soon.

Peter Borzak

CEO | Pine Tree

Pine Tree Commercial  Realty has had a working relationship with Newcastle Properties for over 31 years. Newcastle Properties has earned an outstanding reputation in our industry as a skilled, professional, and experienced property investor and landlord. Pine Tree can readily endorse Newcastle to anybody seeking to transact with them.

Connect With Us To Schedule A Conversation

Our extensive experience, industry relationships, and operational excellence is the backbone of our business.