Announcement – 2/14/2024

Darien, CT – An affiliate of CoreOne Industrial LLC (CoreOne), an industrial real estate investment company headquartered in Darien, CT, has acquired 10857 Houser Drive, Fredericksburg, VA. The purchase consists of a 5-acre lot containing a 14,541 sq ft building which is currently leased to Verizon and used as their regional service hub. Verizon has been the occupant of the property since 2001 and will continue its operations following the completion of the transaction.

This acquisition marks CoreOne’s second investment in Fredericksburg and the fourth in the state of Virginia. The Industrial Outdoor Storage (IOS) opportunity was secured through an off-market transaction, facilitated by broker Steven Bentolila of Oxford Property Group.

Robert DePiero, Investment Officer at CoreOne Industrial, shares his excitement about the IOS opportunity in Fredericksburg, VA, stating, “This market has been a focus for us for years, and we’re thrilled to expand our portfolio here.” Highlighting the acquisition of a property with a strong tenant and long-term potential upside, DePiero emphasizes, “We’re offering investors stable returns and exceptional value from day one.”

Please contact with any opportunities:

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

For more property details click here.