Faropoint, a tech-enabled industrial real estate investment leader, has expanded its reach by buying 9.18 acres of land in Greenwich, New Jersey.

This land, located at Block 255, Lot 1.02 on Swedesboro Road, will be used to build a modern industrial building measuring 73,800 square feet.

This deal was done off-market and perfectly fits Faropoint’s goal of finding great opportunities in important logistics locations across the United States.

The new project will help solve a specific problem in the industrial market of Southern New Jersey and Greater Philadelphia.

Even though many industrial buildings have been built in this area recently, a few smaller buildings are still under 75,000 square feet.

Faropoint plans to fill this gap by creating a high-quality, stand-alone building that meets the needs of local businesses.

The planned building will have advanced features to meet the needs of modern industrial users.

It will have a 32-foot ceiling height, which allows for efficient storage and operations.

There will be 15 loading docks and two large drive-in doors to facilitate the movement of goods in and out of the building.

The facility will also have strong electrical systems, providing 1,600 amps of 480-volt power, which is enough for a wide range of operations.

Plus, the building will have an ESFR (Early Suppression, Fast Response) sprinkler system to ensure safety.

Faropoint has already gotten final approval for the site plans, so construction will start soon.

The location in Greenwich Township is perfect for logistics, as it’s close to major transportation routes and has access to a skilled workforce.

Thus, it will be a great spot for companies that need high-quality industrial space.

Over the years, Faropoint has proven it knows how to find opportunities in urban logistics markets.

By using advanced tools, data, and strong relationships in the real estate world, the company has been able to secure valuable deals.

The new development exemplifies Faropoint’s ability to adapt and add value.

Senior team member Benjamin Wachs pointed out that Faropoint is focusing on smaller, high-demand industrial buildings in areas where larger facilities have been more common.

He explained that this project helps the company meet the market’s needs while providing value to its investors.

The land deal was handled by Wendy Banscher of Fox & Roach, who represented the sellers.

Faropoint did not use a broker; it found this opportunity using its expertise in last-mile logistics and special tools.

These skills allow the company to spot valuable properties that others might miss and to act quickly in competitive markets.

And that gives Faropoint a strong edge in building and managing projects that benefit businesses and investors.

Since starting in 2012, Faropoint has built an impressive reputation.

The company has about 120 employees working in 16 major U.S. markets.

Over the years, it has acquired over 400 warehouses worth over $3 billion.

By focusing on urban logistics and last-mile delivery, Faropoint has become a leader in solving problems in the industrial real estate market.

This project in Southern New Jersey is another step forward for Faropoint.

By addressing the need for smaller industrial buildings and creating a top-quality facility, the company is showing its dedication to solving real market challenges.

This will also boost the local economy and strengthen Faropoint’s role as a leader in the industrial real estate industry.

For more information about Faropoint’s work or investment opportunities, you can contact Ori Regev, the company’s Vice President of Capital Development, at [email protected].

You can also visit their website at Faropoint.com for details about their projects and services.

This new project is set to benefit Southern New Jersey, help the local economy, and meet important business needs.

It will show what’s possible when a company like Faropoint uses its skills and vision to meet real-world needs and deliver quality and value in every project.