REDFEARN CAPITAL NEWS

TCA Logistics leases 33,000-square-foot warehouse in South Jacksonville

The New York company specializes in shipping exercise and fitness equipment.

TCA Logistics, which specializes in shipping exercise and fitness equipment, will open a regional warehouse Nov. 1 in South Jacksonville, according to an Oct. 8 news release.

The 33,000-square-foot warehouse is at 5885 Mining Terrace, west of the intersection of Philips Highway and Interstate 95.

TCA Logistics is based in Hicksville, New York. It works with 12 fitness companies including Peloton, Gym Source, Gym Tech and Atlantis.

The company will use the warehouse to distribute fitness and exercise equipment. It will be the only tenant.

TCA signed a five-year lease with Redfearn Capital of Delray Beach. Redfearn is a private equity commercial real estate firm that manages $730 million worth of assets in its portfolio.

The private equity commercial real estate firm, founded in 2014, owns a combined 4.7 million square feet of storage. It partnered with TPG Angelo Gordon in the acquisition of eight warehouses in the greater Jacksonville area earlier this year for $47.8 million.

Angelo, Gordon & Co. of New York City owns the 5885 Mining Terrace building. It bought the warehouse in May for $4,687,400 from Somerset Properties of Lower Gwynedd Township, Pennsylvania.

Angelo, Gordon & Co. is an alternative investment manager. Founded in 1988, it specializes in credit, real estate, private equity and multi-strategy.

The warehouse, built in 2000 on 4.49 acres, has a clear height of 24 feet.

It has four dock doors and office space. There is a half-acre of outdoor storage on-site.

The original article can be found here.

About Redfearn Capital

Redfearn Capital (“RC”) founded in 2014 is a private equity commercial real estate company that targets value add, distressed and opportunistic investment opportunities. RC does property management, construction management and asset management for its portfolio in-house.

The Company partnered with an institutional capital partner for larger deals and works with a few high-net-worth family offices for smaller deals creating a compelling growth story. Quick decision making and proven investment principles allow Redfearn Capital to create value in the ever changing commercial real estate industry​. Redfearn Capital has over $730 million of assets under management, over 4.7 million square feet and 225+ active tenants in three states. Redfearn Capital’s HQ is in Delray Beach, FL.

www.redfearncapital.com