{"id":1004754058,"date":"2025-04-10T03:46:35","date_gmt":"2025-04-10T11:46:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004754058"},"modified":"2025-04-10T04:01:36","modified_gmt":"2025-04-10T12:01:36","slug":"dra-recaps-florida-portfolio-with-108m-investment","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dra-recaps-florida-portfolio-with-108m-investment\/","title":{"rendered":"DRA Recaps Florida Portfolio With $108M Investment"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/7555-Garden-Road.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004754091\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/dra-recaps-florida-portfolio-with-108m-investment\/7555-garden-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/7555-Garden-Road.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"7555 Garden Road\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/7555-Garden-Road.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/7555-Garden-Road.jpg\" alt=\"Exterior shot of the industrial building at 7555 Garden Road in Riviera Beach, Fla.\" class=\"wp-image-1004754091\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/7555-Garden-Road.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/7555-Garden-Road.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/7555-Garden-Road.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">The industrial building at 7555 Garden Road in Riviera Beach, Fla., is one of the 10 properties that benefitted from the current recapitalization. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>DRA Advisors has joined Redfearn Capital for the $107.5 million recapitalization of a Florida industrial portfolio spanning 900,000 square feet, according to the <em>Commercial Observer<\/em>. The 10-property collection, located from South Florida to Jacksonville, Fla., had been acquired by a Redfearn and TPG Angelo Gordon joint venture fund starting with 2021.<\/p>\n\n\n\n<p>Three of the properties became part of the fund&#8217;s portfolio following a $20 million deal:<\/p>\n\n\n\n<p>\u2022 7555 Garden Road, a 66,212-square-foot warehouse in Riviera Beach, Fla.<br>\u2022 400 Enterprise Drive, a 84,400-square-foot asset in Port St. Lucie, Fla.<br>\u2022 8620 LTC Parkway, a 67,590-square-foot property also in Port St. Lucie<\/p>\n\n\n\n<p>Locations of the other seven assets in the portfolio were not available.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield negotiated on behalf of Redfearn Capital. Attorney Stuart Kapp of the Kapp Morrison law firm served as legal counsel.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-growing-industrial-platforms\">Growing industrial platforms<\/h2>\n\n\n\n<p>As of this month, industrial represented 71 percent of the assets in DRA Advisors\u2019 overall portfolio. Its holdings include an <a href=\"https:\/\/www.commercialsearch.com\/news\/dra-advisors-buys-dallas-industrial-portfolio\/\">eight-building, 846,261-square-foot infill industrial portfolio<\/a> in Plano, Texas, that the firm acquired from Link Logistics. <\/p>\n\n\n\n<p>More recently, DRA Advisors formed a partnership with Venture One Real Estate to purchase a 624,654-square-foot industrial building in Joliet, Ill., according to the <em>Chicago Business Journal.<\/em><\/p>\n\n\n\n<p>As for Redfearn and TPG Angelo, they are long-term partners on several other joint venture funds and expect to continue acquiring industrial assets throughout the Southeast U.S. Alex Redfearn, president, founder &amp; CEO of Redfearn, told <em>Commercial Property Executive<\/em> the joint ventures with TPG Angelo Gordon have a particular focus on Florida, where industrial vacancy rates remain low.<\/p>\n\n\n\n<p>In May 2024, the partnership purchased an eight-building, 380,589-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/redfearn-capital-jv-makes-48m-jacksonville-purchase\/\">industrial portfolio in Jacksonville<\/a> from Somerset Properties and CenterSquare Investment Management. The properties ranged from 33,632 to 73,500 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Redfearn Capital and TPG Angelo Gordon previously owned the collection.<\/p>\n","protected":false},"author":1068,"featured_media":1004754091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21742,32781],"tags":[32799,33919,33931,52382],"class_list":["post-1004754058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-latest","category-southeast","tag-cushman-wakefield","tag-dra-advisors-llc","tag-kapp-morrison","tag-tpg-angelo-gordon"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DRA Recaps Florida Portfolio With $108M Investment - 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