Avison Young Atlanta was awarded a portfolio of 37 industrial and office buildings to manage on behalf of industrial investment firm, Faropoint. The portfolio includes industrial and office space across metro Atlanta, adding more than a million square feet to the current 246,000 square feet already managed on behalf of Faropoint.

“Based on our team’s ongoing successful asset management, including the Class A Crescent Center office building in Tucker, Georgia, Faropoint awarded us with a portfolio four times greater,” said Mary Ellen Bockstahler - principal, Property Management - Avison Young. “We’re thrilled to expand our management portfolio in metro Atlanta and provide our comprehensive approach to facility management to Faropoint on a larger scale,” she added.

In addition to asset management, Avison Young Atlanta currently leases three additional Class A and B office buildings in Faropoint’s portfolio, totaling 425,887 square feet. These properties are located in East Cobb, Norcross and Tucker, Georgia.

“We are continually impressed by Avison Young’s services and professionalism,” said Ohad Porat, CIO - Faropoint. “With the substantial size of this portfolio, we want to rely on a trusted company with a proven track record of property management in the Atlanta market. Avison Young exceeds these standards and we are confident in their abilities,” he added.

The new Faropoint acquisition will increase Avison Young’s asset management portfolio in the metro Atlanta area, solidifying it as one of the fastest-growing commercial real estate firms in the country.