Faropoint Ventures Secures Another Industrial Property in San Antonio, Texas
Finial Group is excited to announce our second acquisition with Faropoint Ventures in the San Antonio market. 9615 Ball Street is a single-tenant industrial property located in the prime North East industrial market. Finial Group’s Anthony Certel, David Durham and Jack Gaffney represented Faropoint in this transaction.
Stream Realty represented the seller in this transaction. Finial Group and Faropoint are excited about San Antonio and plan to be invested in this market long-term. 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.
“This acquisition is part of our ongoing effort to expand our portfolio across high growth markets. We are excited to continue our momentum within San Antonio and we are allocating at least $50 million dollars for future acquisition in San Antonio during 2021” said Vadim Greenberg who leads the global acquisitions in Faropoint.
Faropoint is a real estate investment firm with offices in NY, Atlanta, Memphis, Dallas, Chicago, and Tel-Aviv focused on last-mile distribution facilities. Founded in 2012, Faropoint is among the top 50 largest industrial owners in the U.S. owning more than 150 properties and with over 13 million square feet acquired to date. Faropoint has acquired over $700 million in industrial real estate across the United States. Faropoint seeks to acquire off-market assets in supply-constrained markets below replacement cost by utilizing proprietary data platforms and its local network.
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 firstname.lastname@example.org or by phone at 713-422-2100.