Redfearn Capital has paid a total of $42.2 million for two commercial properties along East Atlantic Avenue in Delray Beach, Fla., in separate transactions. The local investment firm paid $38.2 million, or $1,675/sf, at auction for a 22,800-square-foot office and retail property at 105-111 East Atlantic Ave. Tenants include Sloan’s Ice Cream and Geronimo Tequila Bar and Southwest Grill.
Katalyst Real Estate & Development and Cushman & Wakefield brokered the sale.
Separately, Redfearn paid $4 million, or $2,041/sf, for a 1,960-sf retail building at 123 East Atlantic Ave. The seller, William R. Burke, had owned the property since 1996. It was constructed in 1950 and recently renovated.
The above was first reported by The Real Deal. For additional details, follow the link provided.
See original article here: https://crenews.com/2026/09/14/redfearn-pays-42-2mln-for-2-delray-beach-fla-properties/
