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Faropoint Buys 10-Building North Jersey Portfolio From Kushner Cos. for $132.5 Million

Investment Firm Bolsters Growing Portfolio With 654,633-Square-Foot Purchase
The properties in the portfolio, such as this 104,304-square-foot flex facility at 17-01 Pollitt Drive in Fair Lawn, are located within infill areas throughout Bergen and Morris counties. (CoStar)
The properties in the portfolio, such as this 104,304-square-foot flex facility at 17-01 Pollitt Drive in Fair Lawn, are located within infill areas throughout Bergen and Morris counties. (CoStar)
By CoStar News Staff
December 23, 2021 | 5:38 P.M.

Faropoint, an investment firm focused on last-mile industrial properties in high-population-growth markets, has purchased a 10-building portfolio in northern New Jersey from Kushner Cos. for $132.5 million as part of the company's continued national expansion.

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