Announcement – 10/08/2024

Darien, CT – CoreOne Industrial, LLC (CoreOne) is pleased to announce the successful leasing of its newly renovated property at 9101 River Road in Pennsauken, NJ, to Trend Leasing South. Following the acquisition, CoreOne, in partnership with the tenant, executed an extensive renovation of the truck terminal building, which is located on a 2.2-acre lot and contains an 8,940 sq ft building. “We are thrilled to welcome Trend Leasing South to 9101 River Road,” said Joe Burton, President of CoreOne. “This lease exemplifies our strategy of enhancing properties to meet the evolving needs of our tenants while also strengthening our presence in key logistical markets.”

The leasing transaction was facilitated by Ian Richman and Marc Isdaner of Colliers, who represented CoreOne in this deal. Their expertise and strategic approach were instrumental in securing a tenant for this property, ideally situated to serve the logistics needs of the region. “9101 River Road is a well-located property that offers exceptional access to major transportation arteries,” said Ian Richman of Colliers. “CoreOne’s investment in the property and renovations positioned the property as an attractive option for businesses like Trend Leasing South, which are seeking efficient logistics solutions in the area.

This transaction highlights CoreOne’s commitment to implementing its value-add strategy. The transformation is showcased in the accompanying before-and-after photos, which demonstrate the extensive improvements made to optimize the space for the new tenant’s operations.

CoreOne has been actively expanding its portfolio, having acquired six Industrial Outdoor Storage (IOS) sites in the past 18 months. The company is committed to identifying and acquiring additional IOS opportunities located in or around their target markets.

For inquiries about IOS opportunities or to learn more about CoreOne’s portfolio, please contact us directly.

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

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