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Faropoint Acquires 73,000-Square-Foot Distribution Center in Atlanta-Area for $8.46M

Dec 17, 2024•over 1 year ago

Contract Type

partnership

Jersey CityReal Estate

Description

Faropoint, a U.S.-based real estate investment firm, has acquired a 73,000-square-foot distribution center in Norcross, Georgia, located within the northeast Atlanta market. The property was purchased for $8,463,636, with plans for substantial renovation and repositioning to capitalize on strong demand for industrial space within the Atlanta market.

Company Information

Company

Faropoint

Location

Jersey City, New Jersey, United States

About

Faropoint is a vertically integrated, tech-enabled real estate investment manager with 120 employees that leverages data and deep market relationships to achieve superior risk-adjusted returns. Faropoint targets inefficiencies in the marketplace that can be solved with local real estate expertise and technology. The company invests in 15 markets across the East Coast, Midwest, Southwest and Texas, each with strong demographics and high construction barriers to entry. Faropoint recently sold its Logistic Fund I, proving its strategy on a large scale. For acquisition inquiries and more information, visit faropoint.com.

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