Redfearn Capital and TPG Angelo Gordon have acquired two industrial properties in Miami-Dade County for a total of $36.7 million, according to public records and the real estate database Vizzda. The purchases were made from two affiliates of DWS Group, also known as RREEF America Property Trust.
The first transaction involved the purchase of a 182,919-square-foot warehouse at 5255 Northwest 159th Street in Miami Gardens for $27.8 million, or $152 per square foot. The facility sits on a 6.9-acre site and is primarily occupied by Mac Papers + Packaging. DWS had previously bought the property in 2018 for $12.3 million.
In the second deal, Redfearn Capital and TPG Angelo Gordon paid $8.9 million for a 50,000-square-foot warehouse at 5959 Northwest 35th Avenue near Hialeah, translating to $177 per square foot. The building was last purchased by DWS in 2018 for $3.9 million and is currently leased to C Air Brokers & Forwarders.
These latest acquisitions are part of an ongoing collaboration between Redfearn Capital and TPG Angelo Gordon in South Florida’s industrial sector. In August, the two firms jointly purchased an industrial complex consisting of four warehouses in Miramar for $33.4 million.
DWS Group has been active in both selling and acquiring properties in South Florida this year. In February, it sold Las Olas Centre I & II—an office complex in Fort Lauderdale—for $208 million to Bradford Allen Investment Advisors from Chicago. In July, DWS put The Alhambra office complex in Coral Gables on the market with an asking price of $125 million, while also purchasing a self-storage facility in Tamarac for $19.6 million.
