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Faropoint Completes Acquisition of Last-Mile Logistics Buildings in New Jersey's Meadowlands

Pair of Industrial Buildings Purchased as Part of a Sale-Leaseback Transaction With Biazzo Dairy Products
This industrial facility at 1125 Hendricks Causeway in Ridgefield, New Jersey, was one of two industrial buildings acquired by Faropoint from Biazzo Dairy Products. (CoStar)
This industrial facility at 1125 Hendricks Causeway in Ridgefield, New Jersey, was one of two industrial buildings acquired by Faropoint from Biazzo Dairy Products. (CoStar)
By Terence Metz
CoStar Research
May 24, 2023 | 7:18 P.M.

   
Faropoint, a Hoboken, New Jersey-based real estate investment firm that focuses on last-mile industrial real estate, announced the recent acquisition of two Class B industrial properties in its own backyard of Ridgefield, New Jersey, as part of a sale-leaseback transaction for a total of $28.3 million.

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