Redfearn Capital And TPG Angelo Gordon Acquire Two Industrial Properties For $36.9M From DWS Asset Management

The transaction involved two fully leased industrial properties situated in Miami Lakes and Miami. The properties, comprising a total of 232,919 square feet, were sold for a price of $36,900,000. The first property is a 182,919 square foot warehouse located in Miami Gardens and is leased to Mac Papers & Packaging. The second property is a 50,000 square foot facility located in Hialeah, leased to C-Air Brokers & Forwarders.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $36,900,000
• Address: 5255 Northwest 159th Street & 5959 Northwest 35th Avenue
• Market: Miami Lakes & Miami
• Square Footage: 232,919
• Price Per Square Foot: $158
• Buyer: Alex Redfearn - Redfearn Capital
• Buyer: Adam Schwartz - TPG Angelo Gordon
• Seller: Stefan Hoops - DWS Asset Management

The deal was facilitated by Redfearn Capital and TPG Angelo Gordon, who acquired the properties from DWS Asset Management, a firm associated with Deutsche Bank. The acquisition included properties that are currently fully leased, providing stable income to the new owners.