TCA Logistics leases 33,000-square-foot warehouse in South Jacksonville (Courtesy of the Jacksonville Daily Record) — TCA Logistics, which specializes in shipping exercise and fitness equipment, will open a regional warehouse Nov. 1 in South Jacksonville, according to an Oct. 8 news release.
The 33,000-square-foot warehouse is at 5885 Mining Terrace, west of the intersection of Philips Highway and Interstate 95.
TCA Logistics is based in Hicksville, New York. It works with 12 fitness companies including Peloton, Gym Source, Gym Tech and Atlantis.
The company will use the warehouse to distribute fitness and exercise equipment. It will be the only tenant.
TCA signed a five-year lease with Redfearn Capital of Delray Beach. Redfearn is a private equity commercial real estate firm that manages $730 million worth of assets in its portfolio.
The private equity commercial real estate firm, founded in 2014, owns a combined 4.7 million square feet of storage. It partnered with TPG Angelo Gordon in the acquisition of eight warehouses bought in the greater Jacksonville area earlier this year for $47.8 million.
Angelo, Gordon & Co. of New York City owns the 5885 Mining Terrace building. It bought the warehouse in May for $4,687,400 from Somerset Properties of Lower Gwynedd Township, Pennsylvania.
Angelo, Gordon & Co. is an alternative investment manager. Founded in 1988, it specializes in credit, real estate, private equity and multi-strategy.
The warehouse, built in 2000 on 4.49 acres, has a clear height of 24 feet.
It has four dock doors and office space. There is a half-acre of outdoor storage on-site.
Photo courtesy of TCA Logistics