by The Massachusetts firm picks up 18 properties in a 2-phase commercial real estate deal spanning Central and South Florida
NEEDHAM, Mass. — Onyx Partners, a private equity and commercial real estate investment firm based in Needham, Massachusetts, has acquired Kane’s Furniture, a Florida-based retailer founded in 1948.
The multiproperty transaction includes 18 retail locations totaling more than 1 million square feet of showroom space across major Florida markets. The transaction is structured in two phases. The first, which includes 11 properties, closed in October. The second phase, covering seven properties, is scheduled to close in early 2027.
Kane’s is based in Pinellas Park, Florida, and has locations across Central and South Florida, including Casselberry, Clearwater, Fort Myers, Lakeland, Melbourne, Naples, New Port Richey, Ocala, Orlando, Port Charlotte, Sarasota, St. Petersburg and Tampa.
“Kane’s has been part of Florida furniture retail for decades, and we’re pleased to partner with its ownership on this transaction,” Anton Melchionda, founding partner of Onyx Partners, said in a statement. “These are well-located properties in one of the country’s strongest retail markets, and we look forward to positioning them for long-term success.”
The acquisition expands Onyx Partner’s footprint in home furnishings and retail real estate. Onyx is also leading the development of a new 801,000-square-foot warehouse and distribution center for Bob’s Discount Furniture in Macon, Georgia. Located at 4521 Cavalier Drive, the facility broke ground in the spring and is scheduled to open in 2027.
