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Last-mile-focused Faropoint buys New York-area industrial building

Two-story warehouse in Mahwah, New Jersey, sold by Waitex International
The industrial building in Bergen County sold for approximately $219 per square foot. (CoStar)
The industrial building in Bergen County sold for approximately $219 per square foot. (CoStar)
By Rachel Whaley with
CoStar Research
March 20, 2026 | 5:33 P.M.

Faropoint purchased a 81,646-square-foot industrial building in Mahwah, New Jersey, from Waitex International for $15.9 million. The transaction equates to approximately $194 per square foot.

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News | Last-mile-focused Faropoint buys New York-area industrial building