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. 

Today, the portfolio includes retail, multi-family, hospitality, and office properties with a tenant base that includes:  Wal-Mart, Home Depot, Advocate Health, Hampton Inn, CVS, Walgreens, Jewel (Albertsons), Michael’s, McDonald’s, Dollar Tree, Portillo’s, Chipotle, Party City, Panera, Citibank, Starbucks, Noodles and Company, Planet Fitness, Just Tires, Curaleaf, Honeybaked Ham, Wingstop, and Bahama Buck’s among others.


JE Gross

John E. Gross
CEO / Principal

james devine bw 2

James D. Devine
Principal (Retired)



Michael Horne
Senior Vice President


Sean Devine
Senior Vice President