Alexander Properties Divests Northern New Jersey Industrial Portfolio to Faropoint

November 20, 2025 - 02:56

In a significant transaction, Alexander Properties has successfully sold a nearly 124,000-square-foot industrial portfolio located in northern New Jersey to Faropoint, a rapidly expanding real estate investment management firm based in Hoboken. This strategic move highlights the ongoing demand for industrial spaces in the region, which has seen a surge in interest due to its proximity to major transportation hubs and urban centers.

The portfolio includes several properties that are poised to benefit from the increasing trend of e-commerce and logistics operations. Faropoint's acquisition is expected to enhance its growing portfolio, which focuses on high-quality industrial assets. This transaction not only underscores the robust state of the industrial real estate market in New Jersey but also reflects the confidence investors have in the region's economic potential.

As the market continues to evolve, both Alexander Properties and Faropoint are well-positioned to capitalize on the opportunities that lie ahead in the industrial sector.