Mapletree Closes First Major U.S. Warehouse Divestment in Sale to Faropoint - Connect CRE

Mapletree Closes First Major U.S. Warehouse Divestment in Sale to Faropoint - Connect CRE

Mapletree Investments Pte Ltd has sold a 1.8-million-square-foot (sq ft) industrial portfolio to Faropoint for $328 million. This transaction marks Mapletree’s first major U.S. warehouse divestment and Faropoint’s largest acquisition since its founding in 2012.The portfolio comprises 30 shallow-bay warehouse buildings located across Florida, Georgia, New Jersey, Pennsylvania and Texas. John E. Huguenard and Trent Agnew of JLL represented Mapletr…

Mapletree sells U.S. industrial portfolio (including 270,000 sq. ft. in Morris County) in $328 million deal with Faropoint – Real Estate NJ

300 Forge Way in Rockaway — Courtesy: Mapletree Investments Pte Ltd By Joshua Burd Mapletree Investments Pte Ltd has sold a 1.8 million-square-foot industrial portfolio, including more than 270,000 square feet in New Jersey, to Faropoint for $328 million. According to the firm, the Garden State assets include 100, 200, 300 and 400 Forge Way in Rockaway and 321 Richard Mine Road in Wharton. They’re among more than 30 shallow-bay warehouses in the…