Coreoneind

Coreoneind

CoreOne Industrial Properties is the leading Investment opportunity for light industrial.

T 203.914.6804
Email: info@coreoneind.com

CoreOne Industrial
2 Testa Place, Suite 1, Norwalk CT 06854

Open in Google Maps
QUESTIONS? info@coreoneind.com
  • Home
  • About
  • Our Team
  • Acquisition Criteria
  • Properties
  • News
  • Contact

CoreOne Industrial LLC sells 103 Central Ave in Mt. Laurel, NJ for $8.35 million and acquires 30 acre Industrial Development parcel in Mt. Laurel, NJ.

by Core One / Wednesday, 02 September 2020 / Published in Sales

Norwalk, CT – CoreOne Industrial LLC (CoreOne), an industrial real estate investment company headquartered in Norwalk, CT, sold 103 Central Ave in Mt. Laurel, NJ for $8.35 million or roughly $74 psf. The 112,000 SF asset was acquired by the CoreOne group in June, 2018 for $6.3 million. Over the course of its ownership CoreOne secured new tenancy for each of the five (5) units in the asset. Joe Burton, President of CoreOne said “Mt. Laurel is a great market. At the start of the COVID-19 pandemic this year we lost our anchor tenant in the asset. Within six (6) months we backfilled the three (3) units that the prior tenant had previously occupied. It speaks volumes to the strength of the Mt. Laurel market. As a result we recently purchased a 30 acre development site in Mt. Laurel and we plan to deliver 80,000 sf of new industrial product within the next 12 months.”

Scott Mertz and Jonathan Klear of NAI Mertz represented both the buyer and the seller in the transaction.

About CoreOne Industrial
CoreOne Industrial LLC ( www.coreoneind.com ) is a privately held real estate investment firm specializing in the acquisition, management, and potential redevelopment of both performing and underperforming properties in the United States. CoreOne was formed in March, 2020 and represents the partnering of Burton Real Estate and VanRock Properties. CoreOne is actively looking to grow its portfolio.

Please contact Robert DePiero at (201) 739-4529 with any opportunities.

0
  • Tweet

What you can read next

CoreOne Industrial LLC sells 1 Fitzgerald Ave in Monroe Township, NJ for $10.7 million
CoreOne Industrial LLC sells 705 N. Baldwin Park in City of Industry, CA for $11.3 million

Our News

  • CoreOne Industrial LLC buys 4443 Bronze Way in Dallas, TX

    02/24/21 Norwalk, CT – CoreOne Industrial LLC (...
  • CoreOne Industrial LLC sells 705 N. Baldwin Park in City of Industry, CA for $11.3 million

    01/04/21 Norwalk, CT – CoreOne Industrial LLC (...
  • CoreOne Industrial acquires six building, multi-state portfolio for $28 million

    Norwalk, CT – CoreOne Industrial (COI), an indu...
  • CoreOne Industrial LLC sells 1 Fitzgerald Ave in Monroe Township, NJ for $10.7 million

    Norwalk, CT – CoreOne Industrial LLC (CoreOne),...

QUICK MENU

  • Home
  • About
  • Our Team
  • Acquisition Criteria
  • Properties
  • News
  • Contact

QUICK CONTACT

E-Mail: info@coreoneind.com
Web: www.coreoneind.com

About CoreOne Industrial

The CoreOne Industrial team has been involved in all facets of industrial /commercial real estate throughout the United States for over 16 years. The principals currently own and manage a vast portfolio of commercial properties.

Coreoneind

Copyright © 2020 CoreOne Industrial. All rights reserved.

TOP