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TPG AG, Redfearn Capital Acquire Industrial Portfolio for $628M
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Commercial Observer
TPG AG U.S. Real Estate and Redfearn Capital have acquired a 5.4 million-square-foot industrial portfolio for $628 million, Commercial Observer can first report.
Shallow-bay industrial assets in high barrier-to-entry markets make up the majority of the portfolio, and TPG AG now plans to add value through capital investment in the properties.
The majority of the portfolio assets are in major industrial markets in the Southeast such as Tampa, Atlanta and Charlotte, N.C.
In addition to Redfearn, TPG AG purchased the portfolio with two additional operating partners: Atlanta Property Group and Matterhorn Venture Partners.
Further back, the partnership snapped up an eight-building industrial portfolio in Jacksonville, Fla., for $47.8 million in May 2024.