The Delray Beach firm bought two properties as part of a $63 million portfolio in Florida.
by: Karen Brune Mathis Editor – Read the Article online
Redfearn Capital LLC of Delray Beach paid $23.1 million Sept. 29 for two Jacksonville warehouse properties in Northwest Jacksonville.
Marcus & Millichap announced Oct. 7 that it arranged the $62.7 million sale of a seven-property industrial portfolio in five Florida cities to Redfearn, a private real estate investment firm.
The Federated Cos., led by Jonathan Cox, was the seller, it said.
Tyler Kuhlman and Douglas Mandel of Marcus & Millichap’s Fort Lauderdale office represented Redfearn.
Marcus & Millichap said the fully occupied portfolio includes 5515 W. Fifth St. and 2101 W. 33rd St. in Jacksonville; 4000 Shader Road in Orlando; 2906 Corporate Way in Palmetto; 940 Williston Park Point in Lake Mary; 12900 44th St. N. in Pinellas Park; and 5120 Great Oak Drive in Lakeland.
The Jacksonville deeds were recorded Oct. 12 with the Duval County Clerk of Courts.
The deeds show that Redfearn Capital paid $14.6 million for a 203,715-square-foot warehouse built in 1964 on almost 12 acres at 2101 W. 33rd St.
Redfearn paid $8.5 million for a 100,072-square-foot warehouse built in 1969 on 4.86 acres at 5515 W. Fifth St.
Federated paid $9.7 million for the two Jacksonville properties in 2017.