Investors pay almost $48 million for Jacksonville industrial portfolio

CBRE says the eight buildings on the Westside and Southside are 91% leased.

CBRE arranged the sale of an eight-building portfolio in Jacksonville that included this 56,000-square-foot warehouse at 5875 Highway Ave. in West Jacksonville.
CBRE arranged the sale of an eight-building portfolio in Jacksonville that included this 56,000-square-foot warehouse at 5875 Highway Ave. in West Jacksonville.
CBRE
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Florida-based Redfearn Capital and New York City-based TPG Angelo Gordon paid $47.8 million May 7 for an eight-building industrial portfolio totaling 380,589 square feet of space in West and South Jacksonville, according to deeds and a news release from CBRE.

They bought the properties from Pennsylvania-based Somerset Properties and CenterSquare Investment Management.

CBRE announced May 8 that it arranged the sale.

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