Key Takeaways
- • Redfearn Capital and TPG Angelo Gordon acquired a 53-building industrial portfolio valued at $628 million, representing a significant expansion of their joint real estate platform across multiple states.
- • The partnership closed on two Miami-Dade warehouses totaling 233,000 square feet for $36.9 million, fully leased to institutional tenants (Mac Papers & Packaging and C-Air Brokers & Forwarders), demonstrating strong occupancy fundamentals.
- • Since 2021, the Redfearn-TPG partnership has accumulated 37 industrial assets spanning approximately 3.2 million square feet across Florida, signaling sustained capital deployment in regional industrial markets.
- • Deutsche Bank's DWS Asset Management divested both Miami properties at a substantial premium to its 2018 acquisition cost of $16.3 million, reflecting appreciation in South Florida industrial real estate valuations.
- • The deal underscores investor appetite for functional, infill industrial product in high-demand markets like South Florida, where supply-constrained logistics hubs command premium valuations and maintain strong occupancy.
Summary
Redfearn Capital and TPG Angelo Gordon have closed on a $628 million acquisition of a 53-building industrial portfolio, marking a major capital deployment in the institutional real estate market. The transaction reflects the combined strength of Redfearn, a Delray Beach-headquartered private equity commercial real estate firm founded in 2014, and TPG's US real estate platform, which operates through its Angelo Gordon division. The partnership has demonstrated consistent market presence, having acquired 37 industrial assets totaling approximately 3.2 million square feet across Florida since 2021.
The most recent transaction within this broader portfolio acquisition involved two Miami-Dade warehouses purchased from Deutsche Bank's DWS Asset Management for $36.9 million. The larger facility, located at 5255 Northwest 159th Street in Miami Gardens near Miami-Opa Locka Executive Airport, spans 182,919 square feet and features 27 dock-high doors with clear heights ranging from 21 to 30 feet. The property is fully leased to Mac Papers & Packaging. The second property at 5959 Northwest 35th Avenue in Hialeah comprises 50,000 square feet with 18-foot ceilings and eight dock-high doors, fully leased to C-Air Brokers & Forwarders. Both assets demonstrate institutional-quality tenant profiles and strong occupancy metrics.
DWS's sale represents a noteworthy capital gain, having acquired both properties in 2018 for a combined $16.3 million—approximately 77% below the current sale price. Alex Redfearn, CEO of Redfearn Capital, characterized the acquisitions as "exactly the type of functional, infill product that is in high demand across South Florida," reflecting the market's preference for supply-constrained, operationally efficient industrial assets in logistics-dense corridors. DWS has demonstrated a broader South Florida exit strategy, having divested two Downtown Fort Lauderdale office buildings earlier in 2026 for $423 million combined.
The transaction highlights Redfearn Capital's investment strategy of targeting value-add, distressed, and opportunistic opportunities with in-house property management, construction management, and asset management capabilities. The firm's partnership with TPG—an institutional capital provider—enables larger portfolio acquisitions while maintaining Redfearn's operational control and local market expertise. The combined platform's consistent acquisition pace since 2021 indicates sustained institutional capital availability for regional industrial markets and confidence in South Florida's logistics fundamentals.
The most recent transaction within this broader portfolio acquisition involved two Miami-Dade warehouses purchased from Deutsche Bank's DWS Asset Management for $36.9 million. The larger facility, located at 5255 Northwest 159th Street in Miami Gardens near Miami-Opa Locka Executive Airport, spans 182,919 square feet and features 27 dock-high doors with clear heights ranging from 21 to 30 feet. The property is fully leased to Mac Papers & Packaging. The second property at 5959 Northwest 35th Avenue in Hialeah comprises 50,000 square feet with 18-foot ceilings and eight dock-high doors, fully leased to C-Air Brokers & Forwarders. Both assets demonstrate institutional-quality tenant profiles and strong occupancy metrics.
DWS's sale represents a noteworthy capital gain, having acquired both properties in 2018 for a combined $16.3 million—approximately 77% below the current sale price. Alex Redfearn, CEO of Redfearn Capital, characterized the acquisitions as "exactly the type of functional, infill product that is in high demand across South Florida," reflecting the market's preference for supply-constrained, operationally efficient industrial assets in logistics-dense corridors. DWS has demonstrated a broader South Florida exit strategy, having divested two Downtown Fort Lauderdale office buildings earlier in 2026 for $423 million combined.
The transaction highlights Redfearn Capital's investment strategy of targeting value-add, distressed, and opportunistic opportunities with in-house property management, construction management, and asset management capabilities. The firm's partnership with TPG—an institutional capital provider—enables larger portfolio acquisitions while maintaining Redfearn's operational control and local market expertise. The combined platform's consistent acquisition pace since 2021 indicates sustained institutional capital availability for regional industrial markets and confidence in South Florida's logistics fundamentals.
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