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Atlanta, Ga. (June 11, 2020) – Foundry Commercial, a full-service real estate services and investment firm, today announced the sale of two separate industrial properties in the greater Atlanta metro to Faropoint Ventures, an international commercial real estate investment firm. The sales underscore continuing industrial momentum in the southeast as interest remains high among buyers looking for infill opportunities.
Faropoint, with offices in NYC and Memphis, Tenn., acquired the two industrial buildings with plans to continue to add to its 10 million SF US industrial infill portfolio and 1million square foot local Atlanta portfolio. John Gosnell, Ryan Blackburn, Reid Hanner, and Jordan Camp with Foundry Commercial represented Faropoint in the purchase of these in-fill industrial buildings, located at 3075 Jonquil Drive in Smyrna and 4080 Shirley Drive SW along the Fulton Industrial District corridor. These two acquisitions added just over 100,000 of additional square feet to the firm’s Atlanta portfolio.
Vadim Greenberg, Director of Acquisitions with Faropoint, stated the firm has been actively acquiring industrial property in multiple markets across the country and plans to continue the aggressive expansion of its holdings in the Atlanta metro area in particular.
About Foundry Commercial
Foundry Commercial is a full-service real estate services and investment company with over 350 employees and more than 58 million square feet of management and leasing across the Southeast and Texas. Since 2007, Foundry has provided leasing, brokerage, building management, corporate services, and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to control more than one billion in advantaged investment opportunities with their JV partners. For more information, visit www.foundrycommercial.com.
Faropoint is a fully integrated industrial investment firm founded in 2012 and has been actively engaged in the commercial industrial real estate market within the U.S. The company is selectively locating stabilized and value add properties, managing, stabilizing, and enhancing performance in order to resell and actualize upside potential for its investors who are comprised of institutional and private investors. www.faropoint.com
Lauren Leetun, APR Director of Public Relations