
Faropoint Acquires 1.7M Sq. Ft. Industrial Portfolio in Jacksonville and Memphis for $105M
Key Highlights:
- Acquisition of 16-building portfolio in Jacksonville, FL, and Memphis, TN, totaling 1.7 million sq. ft.
- $105 million transaction completed in under 45 days, brokered by Eastdil Secured.
- Portfolio includes strategically located industrial assets aligning with Faropoint’s long-term investment strategy.
- Demonstrates Faropoint’s ability to efficiently execute complex multi-market acquisitions.
Source (Business Wire)
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