An Israel-based industrial investor has added to its immense Memphis portfolio with a $16.5 million purchase. With a 545,000-square-foot purchase this week, Faropoint Ventures now owns about 5 million square feet of Memphis-area property. The new purchase includes the following industrial and flex buildings in the Willow Lake Business Park: 5270 E. Raines Road 4000 Willow Lake Blvd. 3966 E.