Delray Beach investor pays $16 million for Naples industrial building

Redfearn Capital bought the Collier County property along with one in West Palm Beach as it expands its Florida footprint.

By Louis Llovio
| 12:00 p.m. June 20, 2023
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Redfearn Capital bought a Collier County industrial building at Rail Head Boulevard.

Charlotte–Lee–Collier

A Delray Beach commercial real estate investment firm has bought an industrial building in Naples, one of two Florida properties it paid $18.9 million for.

The buyer is Redfearn Capital and the two properties are part of the company’s expansion in Florida and the Southeast, which includes purchases in Jacksonville, Delray Beach and Clearwater in the past year.

The Collier County property is Redfearn’s first in Naples.