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Faropoint has acquired a multi-tenant industrial portfolio in Ontario, Calif., for a reported $63.6 million, adding to its Southern California holdings.

The 243,394-square-foot portfolio, built in 2006 by Panattoni Development, includes four Class A buildings. The space in the strong Inland Empire industrial market traded for $261 per square foot.

The assets are located at 12580 Philadelphia (32,147 square feet), 2260 Archibald (38,441 square feet), 1930 Rochester (144,591 square feet) and 1920 Rochester (28,215 square feet).