**Faropoint Expands Southern California Presence with Ontario Industrial Portfolio Acquisition**
Faropoint announced on Monday that it has acquired a four-building, multi-tenant industrial portfolio in Ontario, California, further strengthening its position in the Southern California market. While the financial details of the acquisition were not disclosed, the purchase underscores Faropoint’s ongoing strategic expansion in the region.
Originally developed in 2006 by Panattoni Development, the portfolio includes approximately 243,000 square feet of Class A industrial space. The buildings are currently 97.6% leased to 29 tenants. Key property features include clear heights ranging from 20 to 25 feet, shared 150-foot truck courts, front park/rear load configurations, and upgraded finishes designed to cater to modern industrial needs.
“Following our recent entry into the Los Angeles market, this portfolio acquisition significantly expands our Southern California footprint in a strategic location near the Ontario Airport,” said Harold Levy, Vice President of Acquisitions at Faropoint. “These high-image assets offer excellent small bay buildings in the Ontario market, with attractive specifications including both dock-high and grade-level loading, impressive curb appeal, and well-appointed storefront improvements that are in high demand among today’s diverse industrial users.”
This latest acquisition marks Faropoint’s second investment in the Southern California market, highlighting the company’s focus on targeting infill industrial opportunities in key urban logistics corridors.
