Adir Levitas Of Faropoint Acquires Industrial Portfolio At 200 And 300 Roundhill Drive In Rockaway

Faropoint acquired a fully leased industrial portfolio located at 200 and 300 Roundhill Drive in Rockaway Township, New Jersey. The properties encompass a total of 79,000 square feet and are situated on 10.7 acres. The portfolio is comprised of six tenants and features 20-foot clear heights, with unit sizes ranging from 5,000 to 24,000 square feet, serving manufacturing, light industrial, and warehousing purposes.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Square Footage: 79,000
• Address: 200 & 300 Roundhill Drive, Rockaway Township, New Jersey
• Market: Rockaway
• Buyer: Adir Levitas - Faropoint
• Brokers: Nick Stefans, Jason Lundy & Luke Ceccoli - JLL

The acquisition involved key representatives, with Adir Levitas representing the buyer Faropoint, while Nick Stefans, Jason Lundy, and Luke Ceccoli represented the brokerage firm JLL in this transaction, showcasing their expertise in facilitating the deal.