Hoboken-based Faropoint, a leading tech-enabled U.S. industrial real estate investment manager, on Tuesday said it opened a new office in Southern California, strengthening its presence in key urban logistics and industrial sectors as the company continues to expand its reach across the U.S.
Faropoint’s new Southern California office will focus on acquiring small-to-mid-sized industrial properties, driven by the region’s robust demand for strategically located assets.
Faropoint typically invests in single or multi-tenant industrial buildings between 20,000 and 100,000 square feet, with typical tenant sizes ranging from 10,000 to 60,000 square feet, ensuring that Faropoint can meet the needs of both larger tenants and smaller businesses requiring flexible space solutions.
Also announced is the appointment of Harold Levy as vice president of acquisitions. Levy will be based in Irvine, California, where he will lead the firm’s efforts to acquire industrial assets across Los Angeles and Orange County.
“The Los Angeles region presents tremendous opportunities for logistics properties, particularly as demand for strategic industrial properties continues to grow,” Levy said. “I’m thrilled to join Faropoint at such an exciting time and eager to help establish a strong presence here while driving the company’s continued growth trajectory in this critical market.”
As part of the expansion, Zev Fagan, a Los Angeles native and long-time member of Faropoint’s acquisitions team, will relocate from the company’s Hoboken headquarters to assist in establishing the Southern California office. Mr. Fagan has been instrumental in Faropoint’s recent successes, including his involvement in a $105 million, 16-building off-market transaction brokered by Eastdil Secured. He holds undergraduate degrees in Real Estate, Finance, and Risk Management from the University of Wisconsin-Madison.
Faropoint continues to expand its presence across the U.S., with over 400 industrial properties acquired and more than $2.5 billion in assets under management. The firm’s success is driven by its advanced technology, vertically integrated operations, and deep relationships with brokers and market experts. Expanding into California aligns with Faropoint’s strategy of capturing growth in key urban logistics markets.
