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Faropoint held a final close for its Industrial Value Fund III with $915 million in commitments, exceeding its $750 million target.

Faropoint has purchased 4600-4680 Lewis Road, a 220,380-square-foot, three-building campus in Stone Mountain, Ga. The property serves as New WinCup Holdings’ headquarters.

Faropoint, a data-driven real estate investment firm specializing in last-mile industrial properties, has recently finalized a significant financial deal with New York Life Real Estate Investors. This transaction involves a $90 million loan, marking Faropoint’s inaugural collaboration with New York Life. The refinancing arrangement encompasses 10 industrial facilities, totaling an impressive 770,000 square feet.

Transactions diversify Faropoint’s debt sources to capitalize on rising opportunities in the Industrial Last Mile sector

Faropoint, a real estate investment group based in Hoboken, New Jersey, specializing in last-mile industrial real estate, has acquired 2915 Wilmarco Avenue, a 62,376-square-foot warehouse building in Baltimore City, for approximately $6.9 million.

Hoboken, New Jersey-based firm acquired three warehouses completed in 1981

Partnership signals continued confidence in the last-mile industrial sector and reinforces Faropoint’s data-driven approach to urban infill industrial.

Faropoint has purchased a two-property industrial portfolio in Northern New Jersey consisting of 10 buildings totaling 770,064 SF, across 68 acres.