What Farpoint Development does

Farpoint Development is a Chicago-based commercial real estate development firm operating as FARPOINT ACQUISITIONS, LLC and founded by Scott Goodman. The company acquires, develops, repositions, and operates institutional-quality real estate across four primary asset categories: healthcare and medical office buildings, industrial and logistics facilities, mixed-use megadevelopments, and commercial/retail properties, with a secondary legacy position in residential. Its portfolio spans the Midwest (concentrated in Chicago and its suburbs) and the Southeast (Georgia, Alabama, South Carolina), with footprint totaling 9.3 million square feet and $4.9 billion in cumulative deal value. Flagship assets include the 7-million-square-foot Bronzeville Lakefront megadevelopment on the former Michael Reese Hospital site, the Silver Cross Hospital Campus medical office building acquired for $88 million, REAL Park in Macon County Alabama, and Lafayette Logistics Park in LaGrange, Georgia.

Name

Farpoint Development

Legal name

FARPOINT ACQUISITIONS, LLC

Website

https://farpointdev.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Chicago-based commercial real estate developer that acquires, develops, and operates medical office buildings, industrial logistics parks, mixed-use megaprojects, and retail properties across the Midwest and Southeast US, primarily through joint ventures with institutional capital and development partners.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Commercial and Institutional Building Construction (236220), Land Subdivision (237210), Industrial Building Construction (23621)

SIC

Operative Builders (1531), General Bldg Contractors - Nonresidential Bldgs (1540), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Office & Corporate Building Construction (IMAFACAA)

Keywords

• Commercial real estate development
• Medical office buildings
• Industrial logistics parks
• Mixed-use development
• Real estate joint ventures

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Real Estate Development and Acquisition: Farpoint generates revenue through acquiring, developing, and repositioning commercial real estate properties including medical office buildings, industrial facilities, mixed-use developments, and residential communities. The firm frequently uses joint ventures with capital partners to fund acquisitions.
2. Property Leasing: Industrial and commercial properties are leased to tenants on long-term basis. For example, Lafayette Logistics Park Building B (270,000 SF) is fully leased for a 10-year term to an industrial user.
3. Development Fees and Asset Management: The firm earns fees for development services and asset management on joint venture projects with partners including financial institutions and local economic development authorities.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Farpoint Development is a Chicago-based commercial real estate developer that acquires, develops, and repositions institutional-quality properties across four primary sectors: medical office buildings anchored by hospital systems, large-scale industrial/logistics parks in strategic corridors, mixed-use developments in urban neighborhoods, and adaptive reuse projects. The firm typically structures projects through joint ventures with capital and operating partners and delivers Class A facilities for healthcare providers, manufacturers, retailers, and residential tenants.

Product overview

Farpoint Development is a Chicago-based real estate development company that operates as a single, unified development services platform rather than a modular software product. The company develops properties across four main categories: (1) Healthcare/Medical Office facilities including Silver Cross Boulevard, Burr Ridge Medical Center, 350 S Waukegan Rd, and 6345 W 79th St; (2) Industrial/Logistics parks including Lafayette Logistics Park in Georgia and REAL Park in Alabama; (3) Mixed-Use developments including Bronzeville Lakefront (a 7M SF megaproject), 939 W North Avenue, and 8522 S Lafayette; and (4) Commercial/Retail properties including 830 N Michigan on the Magnificent Mile. The company also has a legacy in residential development through Prairie Shores and adaptive reuse projects like 1K Fulton. The portfolio spans healthcare, industrial, residential, and commercial sectors with projects valued in the hundreds of millions of dollars.

Differentiator

Problem solved

Functional benefit

Products and services

• Lafayette Logistics Park Multi-building Class A industrial/logistics park with up to 2 million square feet planned across 134 acres in LaGrange, Georgia, strategically located between the West Georgia Inland Port and Kia's production facility with direct access to Interstate 85. Developed in partnership with Grandview Partners and the Development Authority of LaGrange, with leasing handled by NAI Brannen Goddard.
• REAL Park (Regional East Alabama Logistics Park) Master-planned Class A industrial park totaling more than 6.8 million square feet in Macon County, Alabama approximately 10 miles from downtown Auburn, sited in a Qualified Opportunity Zone and projected to generate more than $450 million in total economic output. Developed with Opportunity Alabama, the Macon County Economic Development Authority, Auburn University, and Tuskegee University; leasing handled by Jim Wilson & Associates.
• 1890 Silver Cross Boulevard 175,000-square-foot, 96%-occupied medical office building at the Silver Cross Hospital Campus in New Lenox, Illinois, acquired for $88 million in a joint venture with Dallas-based Landes Group. Anchor tenants include Silver Cross Hospital, Shirley Ryan AbilityLab, Duly Health and Care, DaVita, Rush University Medical Center, and UChicago Medicine.
• 830 N Michigan Retail building on Chicago's Magnificent Mile with prime frontage on Michigan Avenue and Pearson Street facing Jane Byrne Park. Acquired jointly with Saxony Properties for $40 million with redevelopment plans; secured a $75 million recapitalization loan from Mavik Capital.
• 939 W North Avenue Eight-story, 200,000-square-foot Class-A mixed-use property at the corner of North Avenue and Sheffield Avenue in Chicago's Lincoln Park neighborhood, featuring medical, office, retail, and wellness-focused space. Developed in partnership with MCZ Development and Matterhorn Venture Partners; financed with a $17M acquisition loan from BWE.
• 350 S Waukegan Rd Two-story, fully leased urgent care center for Northwestern Medicine in north suburban Chicago (Deerfield), offering ample parking and easy accessibility from Lake-Cook Road.
• 6345 W 79th St Adaptive re-use development delivering a fully leased primary care and family medicine facility for Advocate Health Care in southwest suburban Chicago, featuring a glass atrium entrance and more than 50 parking spaces.

Quantifiable outcome

• 9.3M square feet of deals totaling $4.9BN in value
• +3 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

24 partnerships are on record, tiered core and minor.

• Landes GroupcoreStrategic or Co-development Partner · 1 March 2026Dallas-based Landes Group partnered with Farpoint Development in a joint venture to acquire a 175,000 SF medical office building at Silver Cross Hospital Campus in New Lenox, IL for $88 million.
• MCZ DevelopmentcoreStrategic or Co-development PartnerMCZ Development is a partner on the 939 W North Avenue mixed-use property development in Chicago's Lincoln Park neighborhood.
• Matterhorn Venture PartnerscoreStrategic or Co-development PartnerMatterhorn Venture Partners is a partner on the 939 W North Avenue mixed-use property development in Chicago's Lincoln Park neighborhood.
• Grandview PartnerscoreStrategic or Co-development PartnerGrandview Partners is a development partner for Lafayette Logistics Park, a multi-building industrial venture with up to 2M square feet across 134 acres in LaGrange, Georgia.
• Development Authority of LaGrangecoreStrategic or Co-development PartnerDevelopment Authority of LaGrange is a development partner for Lafayette Logistics Park, supporting the industrial development in LaGrange, Georgia.
• Bank OZKcoreStrategic or Co-development PartnerBank OZK is a financial partner for Lafayette Logistics Park development in LaGrange, Georgia.
• NAI Brannen GoddardcoreChannel Partner/ Reseller/ DistributorNAI Brannen Goddard serves as the leasing partner for Lafayette Logistics Park, handling industrial tenant representation for the 2M SF development.
• Seamon WhitesideminorStrategic or Co-development PartnerSeamon Whiteside is a project partner for Lafayette Logistics Park development.
• MCA ArchitectureminorStrategic or Co-development PartnerMCA Architecture provides architectural services for Lafayette Logistics Park development.
• Jim Wilson & AssociatescoreStrategic or Co-development PartnerJim Wilson & Associates serves as leasing partner for REAL Park, a 6.8M+ SF Class A industrial park in Macon County, Alabama approximately 10 miles from downtown Auburn.
• Opportunity Alabama (OPAL)coreStrategic or Co-development PartnerOpportunity Alabama (OPAL) is a development partner for REAL Park, providing economic development programs and Opportunity Zone expertise for the project.
• Macon County Economic Development Authority (MCEDA)coreStrategic or Co-development PartnerMCEDA is a development partner for REAL Park, supporting industrial development in Macon County, Alabama.
• Auburn UniversityminorStrategic or Co-development PartnerAuburn University provides academic and research partnership for REAL Park development in Macon County, Alabama.
• Tuskegee UniversityminorStrategic or Co-development PartnerTuskegee University provides academic and research partnership for REAL Park development in Macon County, Alabama.
• Doster ConstructioncoreStrategic or Co-development PartnerDoster Construction is the contractor partner for REAL Park Building 100 and other industrial developments, delivering Class A industrial facilities.
• BMarko StructurescoreStrategic or Co-development PartnerBMarko Structures has a 10-year lease for modular data center manufacturing at 134 Long Road, Williamston, South Carolina, creating over 200 jobs.
• Annenberg Investments Ltd.coreStrategic or Co-development PartnerAnnenberg Investments Ltd. is a joint venture partner for 877 Torrington industrial property in Clinton, South Carolina.
• Saxony PropertiescoreStrategic or Co-development PartnerSaxony Properties is a joint venture partner for 830 N Michigan retail property acquisition and redevelopment on Chicago's Magnificent Mile.
• The Ardent CompaniesminorStrategic or Co-development PartnerThe Ardent Companies is a partner for 830 N Michigan retail property on Magnificent Mile.
• GRIT (Global Research Innovation Technology)coreStrategic or Co-development PartnerGRIT is the development partner for Bronzeville Lakefront, a 7M SF mixed-use development transforming the former Michael Reese Hospital site into a multicultural epicenter of innovation and wellness.
• Bronzeville Community Development PartnershipcoreStrategic or Co-development PartnerBronzeville Community Development Partnership is a GRIT development partner for Bronzeville Lakefront project.
• Chicago Neighborhood InitiativescoreStrategic or Co-development PartnerChicago Neighborhood Initiatives is a GRIT development partner for Bronzeville Lakefront project.
• McLaurin Development PartnerscoreStrategic or Co-development PartnerMcLaurin Development Partners is a GRIT development partner for Bronzeville Lakefront project.
• Greco | DeRosa InvestmentscoreStrategic or Co-development PartnerGreco | DeRosa Investments is a partner for 6300 River Road boutique Class A office building in Rosemont.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Sterling Bay: Chicago-based commercial real estate developer known for large mixed-use megaprojects such as Lincoln Yards. Direct peer to Farpoint on Chicago mixed-use and adaptive-reuse development, with a comparable focus on community-involved, complex urban redevelopment.
• The John Buck Company: Chicago real estate developer and investor with a multi-sector portfolio spanning office, medical office, mixed-use, and residential. Directly comparable to Farpoint's diversified Chicago-anchored CRE platform with similar asset class breadth.
• McCaffery Interest: Chicago-based, multi-generational real estate developer pursuing mixed-use, office, and large master-planned developments. Comparable to Farpoint on asset-class breadth and Chicago-centric, mixed-use megaproject execution.
• Magellan Development Group: Chicago-based developer of Lakeshore East and other large mixed-use and high-rise residential communities. Direct peer to Farpoint on Bronzeville Lakefront-type mixed-use, high-density urban redevelopment with master-planned phasing.
• Anchor Health Properties: Medical office building developer with a hospital-anchored MOB acquisition and development focus. Direct competitor to Farpoint on the outpatient MOB strategy, particularly around health system relationships and on-campus developments.
• Bridge Industrial: Chicago-based industrial / logistics developer with a national infill and last-mile portfolio. Directly comparable to Farpoint's Lafayette Logistics Park and REAL Park strategy in Class A bulk and last-mile logistics development.
• CRG (Clayco Real Estate Group): Chicago-based real estate arm of Clayco with a national industrial / logistics and mixed-use development practice. Direct peer on industrial park master-planning, JV-led development, and Chicago regional deal sourcing.

Emerging players

• Hilco Redevelopment Partners: Industrial and brownfield redevelopment firm focused on transforming obsolete industrial sites into productive logistics, manufacturing, and mixed-use assets. Comparable to Farpoint's adaptive-reuse deals (8522 S Lafayette, 1334 E 79th) and industrial conversion plays.

Broad incumbents

• Healthcare Realty Trust: Public medical office REIT owning a large portfolio of outpatient facilities across the U.S. Broad incumbent in the same asset class Farpoint is targeting, providing a competitive benchmark for capital costs and tenant relationships in MOB.
• Trammell Crow Company: Large national commercial real estate developer with a multi-sector platform spanning office, industrial, healthcare, and mixed-use. Comparable as a broader-scale platform competitor for institutional JV capital and large mixed-asset deals in Farpoint's target markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/farpointdev

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Farpoint Development