Faropoint has acquired six warehouse acquisitions in the Dallas–Fort Worth metroplex for a combined $59 million sales price. The six properties represent nearly 550,000 square feet of warehouse space.
“We’re seeing tremendous investment opportunities in Texas right now,” said Jacob Rich, Faropoint senior vice president and Texas market leader. “Even amid rising interest rates, deal flow remains high due to soaring demand and a lack of middle-market warehouse supply. Our deep relationships throughout the submarkets and superior data-driven insights give us an edge when competing for deals. As a tech-enabled asset manager, our partners have confidence in our quick response time and certainty to close.”
Faropoint acquired the six properties from private owner-investors.
Assets comprise 1709 I-45 South, a 245,300-square-foot multitenant distribution center; 3857 Miller Park, a 57,028-square-foot corporate-use sale-leaseback; 10501 King William, a 48,750-
