Darien, CT – CoreOne Industrial, a privately held real estate investment and operating company headquartered in Darien, Connecticut, recently acquired 260 Enterprise Drive in Newport News, Virginia, through a sale-leaseback transaction with Custom Vinyl Products LLC (“CVP”).

The acquisition consists of a 40,000-square-foot industrial warehouse situated on a 6.16-acre site within Oakland Industrial Park. CVP has occupied the property since 2007 and manufactures and installs custom vinyl products and doors for a diversified customer base of homeowners, builders, and contractors, benefiting from both new construction activity and recurring replacement demand.

The acquisition represents CoreOne’s third investment in the greater Hampton Roads market and its sixth acquisition in Virginia.

The transaction was facilitated by Jeff Henson of Industry Real Estate Partners. Acquisition financing was provided by Provident Bank.

Robert DePiero, Chief Investment Officer of CoreOne, stated “We continue to like the Hampton Roads market because of the combination of strong industrial fundamentals and limited supply in well-located pockets like Oakland Industrial Park. This property checked a lot of boxes for us — a long-term operating tenant, functional industrial space, and the opportunity to acquire the asset at an attractive basis relative to replacement cost.”

Joe Burton, President of CoreOne, added “This was the kind of opportunity we spend a lot of time looking for — a quality industrial asset with an established business that has been operating successfully at the property for nearly two decades. We believe the transaction was structured well for both sides, and it allows us to continue building our presence in a market where we’ve had strong conviction for a long time. We’re excited to keep expanding throughout Virginia and the broader Hampton Roads region.”

About CoreOne Industrial:
CoreOne Industrial LLC is a privately held real estate investment and operating company focused on the acquisition, redevelopment and management of industrial properties across the United States. With over 45 years of combined experience and more than 10 million square feet acquired, developed and managed, the firm emphasizes disciplined asset selection, hands-on operational oversight and long-term value creation for its investors.

Investment Inquiries:

Robert DePiero (201) 739-4529

Corey Isdaner (917) 242-1899

Gordon Bahr  (978) 968-8128

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