Faropoint Ventures Secures Industrial Property in Houston, Texas
Finial Group is excited to announce the first acquisition in 2021 within the Houston market on behalf of Faropoint Ventures, with the purchase of 9820 Drysdale Lane. 9820 Drysdale is a single-tenant distribution property located in the Northwest Houston Industrial submarket. The building is 26,448 square feet with an acre of secure outside storage. With it’s quick access to Houston’s major thoroughfares, Drysdale is highly functional for infill distribution users. Finial Group’s Jack Gaffney represented Faropoint in this off-market transaction.
“9820 Drysdale Lane represents Faropoint’s core principals due to the outstanding infill location and unique functionality for it’s size” Notes Faropoint’s Texas Market leader, Jacob Rich. “The Drysdale acquisition is a reflection of our commitment to further growth throughout the Houston industrial market” Rich adds.
Faropoint Ventures is a real estate investment firm with offices in New York, Atlanta, Memphis, Dallas, Chicago and Tel-Aviv focused on last-mile distribution facilities, among other industrial products. Founded in 2012, Faropoint is among the top 50 largest industrial owners in the U.S., owning more than 150 properties 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 throughout the major Texas markets 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.