Two Clearwater industrial properties sold in statewide deal totaling $23M

A Delray Beach investor bought the two Clearwater properties, which are occupied by a national packaging company.

By Louis Llovio
| 4:04 p.m. October 3, 2022
| 2 Free Articles Remaining!

A Delray investor bought two Clearwater properties, this one at 3939 Airway Circle , which are occupied by a national packaging company. (Courtesy photo)

Tampa Bay-Lakeland

With many in Florida just beginning to recover from the effects of Hurricane Ian, commercial real estate, much like show business, goes on.

In this case, it’s the sale of two industrial buildings in Clearwater totaling 103,750 square feet.

The properties, on 3939 Airway Circle and 13200 40th St N., sold for $12.85 million to Delray Beach-based Redfearn Capital, a private equity commercial real estate company.

A Delray investor bought two Clearwater properties, this one at 13200 40th St. N., which are occupied by a national packaging company. (Courtesy photo)

The two buildings are occupied by the packaging solutions company SupplyOne, which works across several industries including automotive, healthcare, pharmaceuticals and electronics.

Lease terms were not released.

The properties, according to county records, were owned by A & J Industrial Inc. in Clearwater.

The sale of the two Clearwater properties was part of a deal that included 50,200-square-foot industrial property in Pompano Beach. That property sold for $10.25 million bringing the total transaction to $23 million.

Redfearn has $450 million in assets under management and over 3.5 million square feet with a focus on industrial assets. It owns about 30 properties in Florida including in Lakeland and Palmetto.