Redfearn Buys 24K-SF Delray Beach Retail Property for $1,640/Foot
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed retail deal value tracked in September 2026: $3.3B across 52 reported transactions. All Retail coverage →
Computed from Real Estate Trail’s own tracked coverage
Redfearn Capital paid $39.2 million for a 23,290 square foot retail and restaurant in Delray Beach. DHBH was the seller. The price comes out to $1,640 a square foot, one of the highest prices paid for a retail propert…
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