DECATUR, GA. — Faropoint has purchased an eight-building industrial portfolio totaling 255,013 square feet on 12.6 total acres in Decatur. Faropoint bought the property for a total of $23 million. Construction Resource is the seller and tenant. The company sold the properties to Faropoint and has leased the buildings back.
The properties are approximately 8.3 miles from downtown Atlanta and about 21 miles from Hartsfield-Jackson Atlanta International Airport.
Brian Bratton and Steve Ratchford of King Industrial Realty Inc./CORFAC International represented Faropoint in the transaction. Faropoint is a real estate investment firm that is based in Israel with U.S. offices situated in Memphis.