Skip to main content
Real Estate
Jax Daily Record Tuesday, Oct. 12, 202103:37 PM EST

Private investor Redfearn buys NW Jacksonville warehouses for $23 million

The Delray Beach firm bought two properties as part of a $63 million portfolio in Florida.

Redfearn Capital LLC of Delray Beach paid $23.1 million Sept. 29 for two Jacksonville warehouse properties in Northwest Jacksonville.

Marcus & Millichap announced Oct. 7 that it arranged the $62.7 million sale of a seven-property industrial portfolio in five Florida cities to Redfearn, a private real estate investment firm.

The Federated Cos., led by Jonathan Cox, was the seller, it said.

Tyler Kuhlman and Douglas Mandel of Marcus & Millichap’s Fort Lauderdale office represented Redfearn.

Marcus & Millichap said the fully occupied portfolio includes 5515 W. Fifth St. and 2101 W. 33rd St. in Jacksonville; 4000 Shader Road in Orlando; 2906 Corporate Way in Palmetto; 940 Williston Park Point in Lake Mary; 12900 44th St. N. in Pinellas Park; and 5120 Great Oak Drive in Lakeland.

The Jacksonville deeds were recorded Oct. 12 with the Duval County Clerk of Courts.

The deeds show that Redfearn Capital paid $14.6 million for a 203,715-square-foot warehouse built in 1964 on almost 12 acres at 2101 W. 33rd St. 

Redfearn paid $8.5 million for a 100,072-square-foot warehouse built in 1969 on 4.86 acres at 5515 W. Fifth St. 

Federated paid $9.7 million for the two Jacksonville properties in 2017.

Be the first to know the latest breaking news and information that business leaders rely on in this fast-paced changing Northeast Florida economy. Regional business news, trends and statistics needed to grow your business. Key upcoming events you won’t want to miss and much more. Click Here to Grow your Business NOW!

Related Stories