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.
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.”
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