Faropoint Ventures Secures Industrial Business Park in San Antonio, Texas
Finial Group is pleased to announce another acquisition with Faropoint Ventures in the San Antonio market. Rittiman Trade Center is an 8 building, multi-tenant industrial park in San Antonio’s Northeast submarket. The buildings total 78,000 square feet with additional outside storage for the tenants. Finial Group and Faropoint are excited about this acquisition due to the property’s great infill location and functionality for the tenants. This marks Faropoint Venture’s third acquisition in San Antonio in 2021, with plans on many more before the end of the year. Finial Group’s Anthony Certel, David Durham and Jack Gaffney represented Faropoint in this transaction. The Seller was represented by Kenneth Hartmann and Andrew Katzfey with Stream Realty.
“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. Our 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.
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.