Faropoint has closed on a deal for more than 30,000 square feet of light industrial space in Lincoln Park, adding to its recent flurry of acquisitions in Morris County.
Faropoint has acquired a nearly 79,000-square-foot portfolio of shallow-bay industrial property in Rockaway Township, in a newly announced deal by JLL.
Faropoint has secured another major investor with a newly announced commitment from a European pension fund, the Hoboken-based industrial real estate firm announced this week.
Alexander Properties has sold a nearly 124,000-square-foot industrial portfolio in northern New Jersey to Faropoint, the fast-growing real estate investment manager based in Hoboken.
Faropoint has acquired a nearly 51,000-square-foot production and warehouse facility in Florham Park for $9.25 million, brokers with CBRE announced this week.
Faropoint and Deugen Development have closed on a $33 million construction loan for a new two-building industrial project in New Brunswick, in a deal arranged by Cushman & Wakefield.
Mapletree Investments Pte Ltd has sold a 1.8 million-square-foot industrial portfolio, including more than 270,000 square feet in New Jersey, to Faropoint for $328 million.
Faropoint and Deugen Development are set to begin construction on a project that will bring more than 195,000 square feet of new warehouse space to a key corridor in New Brunswick.
