Redfearn Capital Acquires Two South Florida Industrial Assets
To date, Redfearn Capital has closed 55 properties throughout Florida and the Southeast totaling over $600 million of acquisitions.
To date, Redfearn Capital has closed 55 properties throughout Florida and the Southeast totaling over $600 million of acquisitions.
The JLL Capital Markets team was led by Senior Managing Director Melissa Rose, Director Michael DiCosimo and Analyst Mateo Bolivar.
CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin, along with Industrial Real Estate Associate Sam Koss, negotiated the sale of the two building industrial warehouse.
The transaction — which closed Thursday afternoon —was direct with no brokers involved, and an all-cash deal.
The 102,913-square-foot Class A distribution facility features 32-foot clear heights, two drive-in bays, 18 loading docks, ESFR sprinklers, and 103 car parking spaces.
Cresa Miami Managing Principal Jeff Hartsook represented Next Level Aviation in the lease negotiations. Matt Jones with Levy Realty Advisors.
The portfolio totals 65,000 square feet.
Cushman & Wakefield’s South Florida Industrial Team represented the landlord in the lease negotiations. Matthew G. McAllister served as Cushman & Wakefield’s lead broker and worked with partners Chris Metzger, Rick Etner, and Christopher Thomson. The tenant was represented by Alex Bernaldo of America’s Commercial Real Estate.
The team will focus on representing owners, tenants, and investors of industrial property throughout Florida.
The sale price equates to $214 per square foot.
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