An affiliate of Hoboken, New Jersey-based Faropoint Ventures acquired Gulfstream Commercial Center in Delray Beach for $17.21 million, its second industrial acquisition in South Florida so far this year.

DDD 1205 Inc., managed by Tom Heller of Lighthouse Point-based Heller USA Industrial & Commercial Real Estate, sold the 59,157-square-foot warehouse at 1205 S.W. Fourth Ave. to FIVF-IV-FL1 LLC, part of Faropoint Ventures. Property data firm Vizzda confirmed the parties in the deal.

The price worked out to $291 a square foot. Ovy Anghel and Jason Abitbol of Apex Capital Realty brokered the deal.