CBRE Arranges Sale of 380,589 SF Industrial Portfolio in Jacksonville, Florida

CBRE has arranged the sale of an eight-building industrial portfolio totaling 380,589 square feet in Jacksonville, Florida.

Florida-based Redfearn Capital and TPG Angelo Gordon purchased the property from Pennsylvania-based Somerset Properties and CenterSquare Investment Management.

CBRE National Partners’ Jose Lobón, Frank Fallon, Trey Barry, and Royce Rose represented the seller in the transaction. The team was assisted by CBRE’s Gabriel Braun and Daniel Sarmiento, Financial Analysts with CBRE National Partners, as well as Gary Marcy, Senior Vice President, and Jack Buckley, Vice President, with CBRE in Jacksonville.

The eight light industrial buildings are located across the West Side and South Side submarkets of Jacksonville with nearby access to Interstates 95, 10, and 295. The portfolio, which includes the following properties, was 91% occupied by 18 tenants at the time of sale:

1.  600 Suemac Road (73,500 square feet)

2.  5875 Highway Avenue (56,000 square feet)

3.  3010 Powers Avenue (58,982 square feet)

4.  5885 Mining Terrace (33,632 square feet)

5.  9855 Mining Terrace – Buildings 1 & 2, and 5867 Mining Terrace – Building 3 (103,725 square feet)

6.  5748 Mining Terrance (54,750 square feet)

About Redfearn Capital LLC
Redfearn Capital is a private equity commercial real estate firm based in Delray Beach, Florida. The firm has over $650 million of assets under management and over 4.5 million square feet with a focus on industrial assets in the Southeast. The Company’s approach to commercial real estate investing is branded by a significant emphasis on tenant & broker relationships through a dedicated in-house property management team and experienced investment professionals. Redfearn Capital focuses on opportunistic real estate acquisitions in desirable locations throughout the Southeastern United States. For more information, visit www.redfearncapital.com.