DELRAY BEACH, FL -June 15, 2018- – Redfearn Capital LLC (www.redfearncapital.com),
a full-service private equity real estate investment firm with assets valued at more than $150 million,
announced today the acquisition of PrimeCenter at Northridge which consists of two single-story
office buildings totaling 125,000 square feet with a New York-based private equity real estate firm.
The property was acquired at $136 per square foot, with significant value-add opportunities.
Located at 1765 & 1865 W 121st Avenue, the office park is well located off I-25 near downtown
Denver. The 12.7 acre parcel includes 757 parking spaces, equating to an above average parking
ratio of 6:1,000 square feet making the property attractive for corporate, high-density users. The
property is currently occupied by Polycom Inc., RTD Balfour, Redstone Education, Crocs and
Westminster Renal dialysis. Stuart Kapp from Kapp Morrison LLP represented Redfearn Capital
and the Grooters | Hashimoto brokerage team from Newmark Knight Frank brokered the
transaction.
Alex Redfearn, Principal of Redfearn Capital remarked, “This property is already an exceptional
performer for this market and is well located off of I-25 near downtown Denver. We are very
excited with the ongoing development in the Denver office market with strong population growth
and many out of state businesses relocating to the Denver sub-market. Having strong anchor
tenants in Polycom and Crocs, these publicly traded companies help attract a financially strong
credit tenant to this office park. This property will be managed in house with our experienced
property management and accounting teams” Mr. Redfearn went on to say, “We have experienced
significant company growth over the past 12 months increasing our assets under management to
over $150 million, and we expect to continue on that growth trajectory in the coming months.”
About Redfearn Capital
Redfearn Capital is a private real estate investment firm based in Delray Beach, Florida with over
$150 million of assets in two states with a focus on value-add retail, office, medical office and
industrial assets. The Company’s approach to commercial real estate investing is branded by a
significant emphasis on tenant relationships through a dedicated property management team and
experienced investment professionals. Redfearn Capital focuses on strategic real estate
acquisitions with a financially strong and reliable tenant base in unique locations in Florida and
Colorado.
