340 Kaplan Drive in Fairfield — Courtesy: Longpoint Partners/via LinkedIn
By Joshua Burd
A fund operated by Longpoint Partners has acquired a more than 30,000-square-foot industrial building in Fairfield, the Boston-based firm announced last week.
The company, in a LinkedIn post dated Sept. 26, said the transaction at 340 Kaplan Drive came by way of its Longpoint Fund III. It paid an undisclosed sum for the 30,494-square-foot warehouse, which is about a half-mile from Route 46 and a mile from Interstate 80.
The facility is also minutes from another Fairfield property, a 39,800-square-foot warehouse at 149 New Dutch Lane, which Longpoint acquired in 2022. The seller at the time was FP Holdings.
Longpoint’s post on the Kaplan Drive deal did not include the names of any brokers. The seller, Sitex Group, purchased the property in 2021, announcing at the time that it would begin cosmetic improvements and updates to help attract a new tenant.
Longpoint buys 40,000 sq. ft. industrial building in Fairfield, AY says
