Champlain Land

FAX acquired the land at an opportunistic price due to a floodplain, which extends through the 10-acre gross site area.  FAX, along with its partner Black Dog Developments, delineated the site and determined there was ~33% more developable acreage on site than originally perceived.

FAX acquired the Champlain Land with the intention to develop 162,000 square feet of small-bay industrial condos; however, shortly after closing the transaction a user registered its interest to acquire the land.  Following only 3.5 months of ownership, FAX sold the Champlain Lands, resulting in strong value-add returns within a short period of time.