Announcement – 1/9/2025

Darien, CT – CoreOne Industrial LLC (CoreOne), an industrial real estate investment company headquartered in Darien, CT, has closed on two transactions consisting of three functional buildings in Oklahoma City, Oklahoma. The properties are situated at 1326 Enterprise Avenue and 5201 W Reno Avenue, totaling 201,520 square feet. 1326 Enterprise Avenue is a single-tenant building, while 5201 W Reno Avenue is a multi-tenant property with four tenants. These well-maintained buildings are strategically positioned to meet the operational needs of the tenants and offer prime locations in one of Oklahoma City’s rapidly growing industrial sectors. This acquisition marks CoreOne’s first investment in Oklahoma and expands its presence in the South region.

These properties were purchased with below-market rents in place, providing CoreOne with the opportunity to reposition the assets and increase rents to align with current market conditions. This strategy allows for significant value creation and positions CoreOne for continued success while they execute on their acquisition strategy.

The deal for 1326 Enterprise Avenue was facilitated by CBRE of Dallas, led by Eliza Bachhuber, and the transaction for 5201 W Reno Avenue was brought to CoreOne by Steve Bentolila of Bento Property Group. The two acquisitions were completed as separate transactions.

“We are thrilled to add these two functional properties to our portfolio and expand our presence into Oklahoma City,” said CoreOne Industrial President Joe Burton. “These buildings present a unique opportunity for us to execute our value-add strategy.”

Rob DePiero, Partner at CoreOne Industrial, added, “These acquisitions align perfectly with our strategic goals and position us for continued growth in a dynamic and evolving market. We look forward to the potential these properties offer our investors as we reposition the units to achieve market rents.”

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

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