Faropoint Secures $223M Blackstone Mortgage Bridge Loan For 24-Property Industrial Portfolio

Industrial Portfolio

$223,000,000

$123/SF

Building Size

1,800,000 SF

Asset Type

Industrial

Closing

Jan 23, 2026

AI

The asset involved is an industrial portfolio comprising 1,800,000 square feet across 24 properties located in Georgia, Florida, New Jersey, Texas, and Pennsylvania. The total acquisition cost of the portfolio is $318.8 million.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $223,000,000
Lender: Blackstone Mortgage
Landlord: Adir Levitas - Faropoint
Asset Occupancy: 91%
Major Tenants: PepsiCo
Lease Rollover Period: Significant through 2028

Faropoint is working on stabilizing the operations of the portfolio by pushing rents to market levels and enhancing tenant retention strategies. Adir Levitas represents Faropoint in this transaction.

Players