Announcement – 4/7/2025

Darien, CT – CoreOne Industrial LLC (CoreOne), a leading industrial real estate investment firm based in Darien, CT, successfully completed the sale of 509 Heron Drive in Swedesboro, NJ. The transaction involved a 55,000-square-foot industrial facility situated on a 14.72-acre lot. CoreOne acquired the asset in 2017 and achieved strong returns for its investors upon the recent sale. CoreOne was represented by local brokers Marc Isdaner & Ian Richman of Colliers, while the buyer, DH Property Holdings LLC, was represented by Jonathan Klear of NAI Mertz.

Joe Burton, Managing Member of CoreOne, commented on the sale, “This property has been a valuable component of our portfolio, and its sale reflects our commitment to delivering strong returns to our investors. By capitalizing on favorable market conditions, we effectively mitigated vacancy risk and positioned ourselves for future growth.”

Proceeds from the sale were reinvested via a reverse 1031 exchange into a newly acquired Class A industrial facility in the Carolinas, furthering CoreOne’s strategic initiative to reposition its portfolio into high-quality, growth-oriented markets.

Robert DePiero, Chief Investment Officer at CoreOne, added “This deal is another example of our team’s ability to identify value-add opportunities and execute the business plan with discipline and precision. From acquisition through exit, our focus was on creating value and we are proud to have delivered an exceptional result for our investors.”

The sale underscores CoreOne’s continued ability to time the market, manage risk, and execute an opportunistic strategy that delivers long-term value.

Please contact with any opportunities:

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

For more information about this property click here