A Miami-based investor has locked in a $48 million refinancing deal on an eight-building industrial warehouse portfolio in Jacksonville, giving the owner fresh firepower for leasing work and upgrades across a key slice of the city’s logistics landscape.
The light-industrial properties are spread across Jacksonville’s Westside and Southside and total roughly 380,000 square feet. The same buyer picked up the portfolio in 2024 and is now resetting the debt to free up cash for capital improvements and tenant-focused work.
Refinancing details
According to the Jacksonville Business Journal, Delray Beach-based Redfearn Capital announced the $48 million refinancing on May 11, 2026. The firm said the new debt package is designed to give the ownership group more flexibility for leasing efforts and property improvements across the eight buildings, following its 2024 acquisition of the same assets.
As CBRE noted, Redfearn and partner TPG Angelo Gordon paid $47.8 million for the portfolio on May 7, 2024. The collection totals about 380,589 square feet and was roughly 91% occupied by 18 tenants at the time of the sale, according to CBRE’s release.
Owner strategy and scale
Redfearn Capital describes itself as an in-house manager and asset operator that is building out an industrial platform across Florida and the broader Southeast. The firm has singled out Jacksonville’s logistics advantages, including its port and highway connectivity, as a key reason for its focus on the market.
Why it matters
Market data back up that strategy. Cushman & Wakefield reports Jacksonville’s industrial vacancy sitting near 6.1%, with average asking rents around $7.78 per square foot. That kind of environment points to steady demand for small- and mid-bay warehouse space, where refreshed capital stacks are often used to fund tenant improvements, leasing incentives and property upgrades.
For local brokers and warehouse tenants, the refinancing is another signal that investors are still hungry for Jacksonville industrial product. Redfearn told the Jacksonville Business Journal that the loan structure will give the partnership flexibility to push leasing and roll out improvements across the eight-building portfolio.
