GlobeSt.‘s Industrial Influencers are chosen annually for their accomplishments, and their impacts made within their industry.
Marco Rodriguez, King Industrial Realty Inc. Sales Associate, recently graduated from the Atlanta Commercial Board of Realtors (ACBR) Diversity Mentorship Program. “This is an extraordinary opportunity for individuals to learn, connect, and succeed with the support and guidance of some of Atlanta’s most professional and highly respected leaders in commercial real estate.”
The annual program matches up approximately 12 individuals with a strong mentor to work together over 12 months on a one-on-one basis. In addition to being paired with a great mentor, this program goes beyond those sessions and hosts all mentees to all four (4) of the ACBR Signature Events, as well as conducting personalized classes just for our mentee class. In addition, this program allows mentees to support other commercial real estate organizations as well throughout the year and attend a wide variety of events, programs and unlimited opportunities.
King Industrial Realty, Inc., announced they have represented Faropoint in the purchase of an 8 Building, 255,013 square foot industrial facility in the City of Decatur (the “Property”). Senior Vice President and Partner, Steve Ratchford, SIOR and Vice President, Brian Bratton, SIOR represented Faropoint in the acquisition, which closed for $23,000,000.
The buildings were acquired over three decades by the seller, a diverse building products company. The seller sold and leased back the buildings in long term agreements that provided the purchaser, Faropoint, with a solid return for their investors. This purchase was a natural acquisition to their goal of last mile delivery distribution buildings.
Willie Ross, who lead’s Faropoint’s Atlanta operations, said “This portfolio proves Faropoint’s commitment to acquiring well located, industrial assets in underserved submarkets. Additionally, we are optimistic on the home renovation industry and believe Construction Resource will be a strong tenant for years to come.”
For more information regarding the acquisition of 8 Buildings in the City of Decatur, or any questions relating to investment sales, please contact King Industrial Realty at +1 404 942 2000.
Faropoint is a real estate investment firm with offices in NY, Atlanta, Memphis, Dallas, Chicago and Tel-Aviv focused on last-mile distribution facilities. Founded in 2012, Faropoint is among the top 50 largest industrial owners in the U.S. owning more than 150 properties and with over 13 million square feet acquired to date. Faropoint has acquired over $700 million in industrial real estate across the United States. Faropoint seeks to acquire off-market assets in supply-constrained markets below replacement cost by utilizing proprietary data platforms and its local network.
To learn more, visit www.faropoint.com
“The CCIM designation is commercial real estate’s most coveted credential, which represents proven expertise in investment analysis. Today, fewer than 10 percent of commercial real estate investors and advisers currently wear the CCIM pin, making them the go-to experts in their respective markets.” – CCIM Institute
King Industrial Realty adds yet another one of our agents, Brian Bratton, to membership status in the Society of Industrial and Office Realtors (SIOR)! Brian is one of the youngest agents to ever earn the prestigious SIOR designation, and he becomes the tenth (10th) agent from King Industrial Realty to receive this coveted honor. King Industrial Realty continues to have the most Industrial Agents in the Atlanta Industrial Market that hold the SIOR designation.
SIOR is the leading commercial real estate association, representing the world’s top producing brokers. Known worldwide, SIOR has over 3,300 representatives from 36 different countries and offers a professional designation to commercial brokers and other industry professionals, (SIOR).
Our Vice President, Neal Shiver, was recognized for his dedication and involvement in the Georgia CCIM Chapter Mentorship Program. “This program will assist those who are new to commercial real estate, and establish relationships with seasoned professionals. Through this program, we also invest in our future, expose the chapter to a broad variety of qualified members.” – CCIM Georgia Chapter Great job Neal!