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New York & Tri-State  + New Jersey  + Industrial  |  October 18, 2023
Emily Fu
By: Emily Fu

Faropoint Buys Two NJ Multi-Tenant Industrial Portfolios 

Faropoint has acquired two industrial portfolios totaling 770,064 square feet in Allendale and Mahwah, New Jersey., from a joint venture between Camber Real Estate Partners and Advance Realty. The price was not disclosed. 

The Allendale Shallow-Bay Industrial Park and Mahwah Industrial Center consist of 10 properties spanning a combined 68 acres. The Allendale Shallow-Bay Industrial Park consists of seven properties totaling 370,064 square feet, while the Mahwah Industrial Center features three buildings totaling 399,999 square feet. Faropoint’s acquisition aims to strengthen its presence in the Bergen County industrial market. 

Cushman & Wakefield’s Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema represented the sellers and procured the buyer. 

Read More News Stories About: Cushman & Wakefield
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Gary Gabriel

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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