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Redfearn Lands Refi on 8-Building Jax Warehouse Facility
Redfearn Capital secured financing for an eight-building Jacksonville-area portfolio totaling $48 million. Prospect Ridge provided the financing. The portfolio includes a mix of front-load, rear-load and cross-dock industrial buildings near Interstate 95, Interstate 10 and Interstate 295, with access to Jaxport and Jacksonville International Airport.
The properties range from 7,000 square feet to 70,000 square feet.
On its LinkedIn site, the company said: “strong first half of the year for Redfearn Capital– acquiring 12 new assets totaling ~580,000 square feet. RC continues to target value-add industrial deals across the Southeast!”
CBRE’s Jose Lobón, Frank Fallon, Trey Barry and Royce Rose negotiated on behalf of Somerset Properties and CenterSquare Investment Management.
The Jacksonveille Business Journal reports Jacksonville’s network of interstate, port, rail and airport access remains a core selling point for the portfolio and for the industrial users Redfearn is targeting.
- ◦Financing
