Faropoint Acquires Industrial Portfolio In Bohemia For $17.5M With Richard Cohen As Landlord's Broker

Faropoint acquired a two-building industrial portfolio located at 100 Wilbur Place and 110 Wilbur Place in Bohemia. The total square footage of the properties is 73,811, with a sale price of $17,500,000, resulting in a price per square foot of $237.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $17,500,000
• Square Footage: 73,811
• Address: 100 Wilbur Place & 110 Wilbur Place
• Market: Bohemia
• Buyer: Faropoint
• Brokers: Tommy Rosati, Jason Maietta & Brandon Lichtenstein - Colliers; Richard Cohen - Ashlind

The transaction involved a sale-leaseback with New York Tent, which will continue to operate as the tenant on the 6-acre site following the acquisition.