{"id":1004785434,"date":"2026-01-27T05:25:46","date_gmt":"2026-01-27T13:25:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004785434"},"modified":"2026-01-27T05:25:48","modified_gmt":"2026-01-27T13:25:48","slug":"faropoint-wraps-273m-industrial-portfolio-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/faropoint-wraps-273m-industrial-portfolio-refi\/","title":{"rendered":"Faropoint Wraps $273M Industrial Portfolio Refi"},"content":{"rendered":"\n<p>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.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/125-Algonquin.png\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004785450\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/faropoint-wraps-273m-industrial-portfolio-refi\/125-algonquin\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/125-Algonquin.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"125 Algonquin\" data-image-description=\"&lt;p&gt;Scott received the image&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;125 Algonquin Parkway in Whippany, N.J. is part of Faropoint\u2019s portfolio. Image courtesy of Faropoint&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/125-Algonquin.png?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/125-Algonquin.png\" alt=\"125 Algonquin Parkway in Whippany, N.J.\" class=\"wp-image-1004785450\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/125-Algonquin.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/125-Algonquin.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/125-Algonquin.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">125 Algonquin Parkway in Whippany, N.J. is part of Faropoint\u2019s portfolio. <em>Image courtesy of Faropoint<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>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\u2019s 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.<\/p>\n\n\n\n<p>The portfolio is spread across eight major metros in the Northeast, Southeast and Midwest:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Atlanta\u2014314,241 square feet<\/li>\n\n\n\n<li>Chicago\u2014649,450 square feet<\/li>\n\n\n\n<li>Cincinnati\u2014480,188 square feet<\/li>\n\n\n\n<li>Dallas\u2014538,306 square feet<\/li>\n\n\n\n<li>New York\/Northern New Jersey\u2014499,095 square feet<\/li>\n\n\n\n<li>Philadelphia\u2014740,984 square feet<\/li>\n\n\n\n<li>San Antonio\u2014204,744 square feet<\/li>\n\n\n\n<li>Tampa\u201424,858 square feet<\/li>\n<\/ul>\n\n\n\n<p>The properties were acquired between 2021 and 2022 and have received capital investments both from their 103 unique tenants and Faropoint&#8217;s value-add initiatives.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-next-for-industrial-real-estate\/\">What Will Define Industrial\u2019s Next Stage of Growth?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-acquisitions-both-larger-and-smaller\">Acquisitions both larger and smaller<\/h2>\n\n\n\n<p>This past July, <a href=\"https:\/\/www.commercialsearch.com\/news\/faropoint-closes-largest-deal-in-its-history-at-328m\/\">Faropoint acquired<\/a> 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.<\/p>\n\n\n\n<p>Arranged with the assistance of JLL, the deal was Faropoint\u2019s largest acquisition in its history and was also Mapletree\u2019s first large-scale U.S. warehouse divestment.<\/p>\n\n\n\n<p>And last April, Faropoint acquired a four-building <a href=\"https:\/\/www.commercialsearch.com\/news\/faropoint-acquires-inland-empire-portfolio\/\">Class A small-bay portfolio<\/a> in Ontario, Calif., for $63.6 million. The buildings total 243,394 square feet and were completed in 2006 by Panattoni Development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By asset count, this is the largest refinancing in the company\u2019s history.<\/p>\n","protected":false},"author":882,"featured_media":1004785450,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,23891,21742],"tags":[33139,32789,51608,43145,32796,34056],"class_list":["post-1004785434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-national","category-latest","tag-capital-one","tag-cbre","tag-faropoint","tag-j-p-morgan","tag-jll","tag-mapletree-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Faropoint Wraps $273M Industrial Portfolio Refi - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Faropoint has received $273 million in financing proceeds from a bank syndicate led by Capital One and J.P. 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