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Redfearn-Led JV Lands Two S. Florida Warehouses
Redfearn Capital and TPG Angelo Gordon acquired two industrial properties for $36.8 million. The portfolio totals nearly 233,000 square feet across the Miami Lakes and Hialeah submarkets of Miami.
Acquired from DWS Asset Management, the portfolio includes:
–A 182,919-square-foot cross-dock warehouse at 5255 NW 159th Street in Miami Lakes, fully leased to Mac Papers & Packaging. The facility features 27 dock-high doors and two drive-in doors, with clear heights ranging from 21 to 30 feet.
–A 50,000-square-foot front-load warehouse at 5959 NW 35th Avenue in Hialeah, fully leased to C-Air Brokers & Forwarders. The property features eight dock-high doors and an 18-foot clear height.
Both properties are located near major road networks and within Miami’s infill industrial submarkets. This latest acquisition brings Redfearn Capital’s industrial holdings to over 5 million square feet, with total acquisitions exceeding $800 million since the firm’s inception in 2014.
- ◦Sale/Acquisition
