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Faropoint, based out of Memphis, Tennessee, purchased the 24,000-square-foot facility at 6959 Stuart Avenue from JRVJ for $1.45 million. bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
The Jacksonville-based NAI Hallmark commercial real estate brokerage and property management firm announced it represented Faropoint in the $1.45 million purchase of a 24,000-square-foot industrial distribution facility at 6959 Stuart Ave. Senior Vice President Daniel Burkhardt and Vice President Jason Purdy represented Faropoint in the acquisition of the Westside property, which is near Interstate 95 and I-10. Larry Walshaw of KW Commercial represented JRVJ, the seller. “Faropoint has acquired over $600 million in industrial real estate across the United States and has identified Jacksonville as a target market to expand their portfolio,” Burkhardt said in a news release. “We look forward to working with them on additional acquisitions in our market.” ....