Faropoint Expands Industrial Real Estate Footprint in Southern California
HOBOKEN, NJ – Faropoint, a leading U.S. industrial real estate investment manager known for its tech-savvy approach, has opened a new office in Southern California, aiming to capitalize on the burgeoning demand for logistics properties in the region. This move underscores Faropoint’s commitment to expanding its reach across key urban markets and solidifies its position as a major player in the industrial real estate sector.
"The Los Angeles region presents tremendous opportunities for logistics properties, particularly as demand for strategic industrial properties continues to grow," said Harold Levy, who joins Faropoint as Vice President of Acquisitions based in Irvine, California. "I’m thrilled to join Faropoint at such an exciting time and eager to help establish a strong presence here while driving the company’s continued growth trajectory in this critical market."
Levy, a seasoned real estate professional with nine years of experience and a proven track record of overseeing over $150 million in industrial real estate transactions, will lead the firm’s acquisition efforts in Los Angeles and Orange County.
A Los Angeles native and long-time member of Faropoint’s acquisition team, Zev Fagan, will relocate from the company’s Hoboken headquarters to join Levy in building the Southern California presence. Fuelling Faropoint’s recent successes, including a significant $105 million, 16-building off-market deal brokered by Eastdil Secured, Fagan brings invaluable experience to the new office.
The company will focus on acquiring small-to-mid-sized industrial properties, typically ranging from 20,000 to 100,000 square feet, with tenant size ranging from 10,000 to 60,000 square feet. This targeted approach allows Faropoint to cater to the needs of both large corporations and smaller businesses seeking flexible space solutions.
Faropoint’s robust vertically integrated platform, combined with proprietary data and machine learning tools, empowers the firm to make strategic acquisitions, manage assets efficiently, and optimize leasing arrangements, ultimately delivering superior risk-adjusted returns to its investors.
"The opening of our Los Angeles office is a significant step in Faropoint’s growth strategy," said Jordan Nathan, Head of Corporate Investments. “Harold’s extensive expertise in the Southern California market, combined with Zev’s proven track record at Faropoint, positions us to take advantage of unique opportunities in the region’s industrial sector.”
Currently managing over $2.5 billion in assets across more than 400 acquired industrial properties nationwide, Faropoint’s expansion into Southern California aligns with its strategy of capturing growth in key urban logistics markets.
For inquiries or further information about Faropoint’s West Coast expansion and its investment strategies, please contact Ori Regev, VP of Capital Development, at [email protected] or Harold Levy, VP of Acquisitions, at [email protected].
