Announcement – 6/12/2025

Darien, CT – CoreOne Industrial, a privately held real estate investment and operating company headquartered in Darien, CT, has acquired 3 & 4 North Street in Waldwick, New Jersey, further expanding its footprint in Northern New Jersey’s supply-constrained commercial real estate market.

Located in the heart of Bergen County, 3 & 4 North Street are two highly functional shallow bay industrial assets totaling 65,640 square feet. The properties are home to a roster of long-standing tenants—several of whom have occupied the buildings for over 15 years, highlighting the stability and demand for well-located, small bay product in one of the most competitive industrial markets in the country.

The transaction was facilitated by Marc Kreiger of Avison Young, who represented the out-of-state seller and VanRock Properties, who represented the buyer.

“This acquisition reflects our continued focus on targeting infill industrial assets in tight, high-barrier-to-entry markets,” said Joe Burton, Co-Founder and Managing Member of CoreOne Industrial. “Shallow bay assets like these, with proven tenancy and durable demand drivers, align perfectly with our investment thesis.”

Strategically located with strong access to Route 17 and other major thoroughfares, the buildings serve a mix of regional service and trade-oriented businesses. CoreOne acquired the properties at an attractive basis, positioning the firm to enhance value throughout the hold period via leasing and operational optimization.

“This was a well-located, functional asset with in-place cash flow and long-term tenancy—acquired at a basis that allows us to both protect downside and unlock upside over time,” said Robert DePiero, Co-Founder and Investment Officer at CoreOne Industrial. “With a CoreOne office located just minutes away, this was a true local buy for us. We know the market, understand the tenant base, and believe we’re well-positioned to drive long-term value through strategic ownership and local knowledge.”

This acquisition marks another strategic step in CoreOne’s expansion across Northern New Jersey and complements the firm’s growing national portfolio of small and mid-bay industrial assets.

Please contact with any opportunities:

Robert DePiero (201) 739-4529 and Corey Isdaner (917) 242-1899

For more information about these properties click here and click here