Redfearn Capital Acquires High Ridge Industrial – 73,250 Square Feet Situated on 4.5 Acres

Redfearn Capital Acquires 73,250-Sq.-Ft. Industrial Building in South Florida

DELRAY BEACH, FL - June 20, 2019- – Redfearn Capital LLC (www.redfearncapital.com), a full service private equity real estate investment firm with assets valued at more than $200 million, announced today the $7.6 million ($103 psf) acquisition of High Ridge Industrial, a 73,250 square foot industrial building located in Boynton Beach, FL. This acquisition represents Redfearn Capital’s fourth closing in 2019 totaling over 400,000 square feet of newly acquired real estate.

Located at 2900 High Ridge Road, the 4.5-acre property is strategically located directly off I-95
between West Palm Beach and Boca Raton. The South Florida market continues to have high
demand for industrial buildings near I-95 with the current vacancy rate in this market being sub2% in Palm Beach County. The Property is currently 100% leased to five tenants, many of which
have occupied the building for over 15 years. The largest tenant at the property is Due South
Brewery who is one of South Florida’s largest privately held beer manufactures producing well
over 2 million cans per year. The property also serves Sherwin Williams (NYSE: SHW) which
occupies over 10,000 square feet and distributes both paint and paint products out of this location.
In 2018, Sherwin Williams reported over $17 billion of revenue and has a market cap of over $43
billion.

Alex Redfearn, Principal of Redfearn Capital remarked, “The acquisition of 2900 High Ridge Road happens to be our second industrial acquisition this year in Palm Beach County. This asset is in the “Boynton Beach Brewery District” which presents a unique opportunity to draw people to the property through the retail aspect while also keeping the industrial feel of the surrounding industrial market. Acquiring this asset around $100 psf positions us to create long term value by improving the exterior appearance of the building and attracting long term, well capitalized tenants. We have a few more acquisition targets we are excited about in 2019 and we will continue to execute on our long-term strategy and business plan.”

About Redfearn Capital

Redfearn Capital is a private real estate investment firm based in Delray Beach, Florida with over
$200 million of assets under management and over 1 million square feet in three states with a focus
on industrial, office, and medical office assets. The Company’s approach to commercial real estate
investing is branded by a significant emphasis on tenant relationships through a dedicated
management team and experienced investment professionals. Redfearn Capital focuses on strategic
real estate acquisitions with a strong and reliable tenant base in unique locations in South Florida
and Colorado.
www.redfearncapital.com

# # #