Faropoint Ventures Acquires First Industrial Property in San Antonio
We are proud to announce that Finial Group has assisted Faropoint Ventures in the acquisition of their first industrial property in San Antonio. 7903 Webbles Drive is a 25,355 square foot fully leased single tenant industrial facility located in the prime North East industrial market. Finial Group’s Anthony Certel and David Durham represented Faropoint and Texas Market Director Jacob Rich in this transaction.
This will be the first of many acquisitions in the San Antonio market. Finial Group and Faropoint are excited about San Antonio as it’s seen a significant increase in national interest over the past few years due to the strategic intersection of highways I-10 and I-35, as well as the proximity to the growth in Austin. Both Finial Group and Faropoint plan to be invested in this market long term.
With the help of Finial Group, Faropoint was able to source this deal off-market and land within their investment criteria. Finial Group is actively searching for additional opportunities in the market, while Faropoint is targeting all industrial product types, from free-standing buildings, office/warehouse flex, bulk distribution warehouses, truck terminals, and last-mile industrial facilities.
Faropoint Ventures is a fully integrated commercial real estate investment firm, with multiple offices in the United States. A top 50 industrial real estate holder in the US, Faropoint owns over 10 million SF and has completed over $600 million acquisitions in the US. They are an experienced and professional Landlord capable of maintaining a large portfolio of assets while also being available to speak directly with their tenants whenever necessary.
Finial Group is a full-service commercial real estate firm that provides service focused, turnkey solutions to their client’s commercial real estate needs. The Finial Group offers investment, development, leasing, asset management and construction management services all under one roof. Finial Group’s team members are dedicated to building the most revered brand in commercial real estate and maintaining an unrivaled reputation for quality of service and ability to execute. Finial is excited to have opened up their San Antonio office in March of 2021 and are looking forward to their partnership with Faropoint Ventures in this market.
For more information please visit www.finialgroup.com or contact the Finial Group by email at email@example.com or by phone at 713-422-2100.