REDFEARN CAPITAL NEWS

TCA Logistics to lease Jacksonville industrial space

A Texas-based logistics company will distribute fitness equipment out of a warehouse on the
Southside of Jacksonville.

TCA Logistics signed a five-year lease with Redfearn Capital, a private equity commercial real
estate firm that bought eight warehouses across the Westside and Southside submarkets earlier this year. The logistics company will occupy one of those eight properties in its strategic entry into the Jacksonville market.

The lease begins Nov. 1 for the 33,000 square feet of space at 5885 Mining Terrace with a clear
height of 24 feet. The warehouse, built in 2000, sits on 4.5 acres and includes 6% office space,
four dock doors and half an acre of outdoor storage.

TCA Logistics will use the facility to distribute fitness equipment, meeting the increasing
demand for high-quality fitness solutions in the area.

Redfearn Capital bought the eight light industrial buildings totaling 380,589 square feet for
$47.8 million in May. The portfolio was 91% leased upon purchase.

The Delray Beach-based company also purchased a South Jacksonville warehouse at 12751 W.
Gran Bay Parkway for $27 million in August, which is fully leased to Saddle Creek Logistics, an
omnichannel, integrated supply chain company.

In 2021, two industrial properties sold as part of a $62.65 million, seven-property portfolio sale
brokered by Marcus & Millichap.

It also owns a 183,000-square-foot building at 7660 Gainesville Ave. and a 138,201-square-foot warehouse at 201 Busch Drive, according to its website.

Find the original article in the Jacksonville Business Journal

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 $750 million of assets under management, over 4.9 million square feet and 250+ active tenants in three states. Redfearn Capital’s HQ is in Delray Beach, FL.

www.redfearncapital.com