Faropoint Wraps $273M Industrial Portfolio Refi

January 27, 2026

By asset count, this is the largest refinancing in the company’s history.

Faropoint has received $273 million in financing proceeds from a bank syndicate led by Capital One and J.P. Morgan for Project Walk-Off, a 61-asset portfolio of light, infill industrial properties totaling nearly 3.5 million square feet.

125 Algonquin Parkway in Whippany, N.J. is part of Faropoint’s portfolio. *Image courtesy of Faropoint*

Faropoint reported that the portfolio is currently 96 percent leased, with a weighted average lease term of 3.8 years. The company noted that the transaction extends the debt maturity through the remainder of the fund life for these assets, while also diversifying the fund’s pool of debt sources and bolstering risk management. As Fund II enters its value-realization phase, the refinancing streamlines the capital structure of stabilized assets and boosts distribution capacity.

The portfolio is spread across eight major metros in the Northeast, Southeast and Midwest:

Atlanta—314,241 square feet
Chicago—649,450 square feet
Cincinnati—480,188 square feet
Dallas—538,306 square feet
New York/Northern New Jersey—499,095 square feet
Philadelphia—740,984 square feet
San Antonio—204,744 square feet
Tampa—24,858 square feet

The properties were acquired between 2021 and 2022 and have received capital investments both from their 103 unique tenants and Faropoint’s value-add initiatives.

The two-year, non-recourse loan features three 12-month extensions and was arranged by a CBRE team including Vice Chairs and Co-Heads of U.S. Large Loans Tom Traynor and Tom Rugg, Director Mark Finan and Associate Henry Fenmore.

The company stated that this loan is its largest portfolio refinance to date for the number of assets, following a 46-asset refinance closed earlier this year in Fund III.

Acquisitions both larger and smaller

This past July, Faropoint acquired a 1.8 million-square-foot industrial portfolio for $328 million from Mapletree Investments. The 30 shallow-bay properties are located across Florida, Georgia, New Jersey, Pennsylvania and Texas.

Arranged with the assistance of JLL, the deal was Faropoint’s largest acquisition in its history and was also Mapletree’s first large-scale U.S. warehouse divestment.

And last April, Faropoint acquired a four-building Class A small-bay portfolio in Ontario, Calif., for $63.6 million. The buildings total 243,394 square feet and were completed in 2006 by Panattoni Development.