Faropoint sells 28 Memphis industrial buildings for $86 million
This building at 5841 E. Shelby Drive is one of 28 industrial properties Faropoint sold for $86 million total. (Tom Bailey/Daily Memphian)
The industrial real estate firm Faropoint had acquired in 2016 five of the buildings it just sold, and bought the other 23 buildings in 2018. Faropoint still owns a substantial amount of industrial space in Memphis.
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Faropoint Ventures industrial real estate NAI Saig Co.Tom Bailey
Tom Bailey retired in January as a business reporter at The Daily Memphian, and after 40 years in journalism. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He has lived in Midtown for 36 years.
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