Faropoint Expands Industrial Footprint to Southern California, Bolstering West Coast Presence
Irvine, California – Leading industrial real estate investment company, Faropoint, is making a strategic move to seize opportunities in the competitive Southern California market. The firm announced Tuesday the opening of a new office in Irvine, marking a significant expansion into the region’s thriving industrial sector.
Driven by the steady demand for strategically located properties in this logistics hub, Faropoint will focus on acquiring smaller to mid-sized industrial properties, typically ranging from 20,000 to 100,000 square feet. This strategic approach allows them to cater to both larger tenants and small businesses seeking flexible warehouse solutions, adapting to the diverse needs of the region’s vibrant economy.
To spearhead this expansion, Faropoint has appointed Harold Levy as Vice President of Acquisitions. Based in Irvine, Levy boasts a deep understanding of the Southern California market and a proven track record in identifying lucrative industrial real estate opportunities.
"The Los Angeles region presents tremendous opportunities for logistics properties, particularly as demand for strategic industrial properties continues to grow," said Levy. "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."
Further reinforcing its commitment to Southern California, Faropoint is relocating long-time acquisitions team member Zev Fagan from their Hoboken headquarters to Irvine. Fagan, a Los Angeles native, brings crucial experience to the team, including his key role in a landmark $105 million, 16-building off-market transaction. He will leverage his expertise to contribute to Faropoint’s success in this new territory.
With more than 400 industrial properties acquired and over $2.5 billion in assets under management, Faropoint is a rapidly growing force in the industrial real estate landscape. Their success is fueled by a combination of cutting-edge technology, streamlined operations, and strong relationships with brokers and industry experts. This latest expansion into California is a testament to Faropoint’s dynamic growth strategy and unwavering focus on capturing opportunities in key urban logistics markets.
