3 and 4 North St. in Waldwick — Courtesy: Avison Young
By Joshua Burd
CoreOne Industrial has acquired a nearly 64,000-square-foot industrial portfolio in the Bergen County borough of Waldwick, according to a brokerage team with Avison Young.
The privately held firm, which is based in Darien, Connecticut, paid an undisclosed sum for the adjacent shallow-bay buildings at 3 and 4 North St. The facilities span 15,640 and 47,959 square feet, respectively, with Avison Young noting that both properties house longstanding, stable tenants, a majority of which have been in place between 13 and 33 years.
They were also fully leased at the time of the sale by Waldwick North LLC, which was represented by Avison Young’s Marc Krieger. He noted that he has been the leasing agent for 3 and 4 North St. for 31 years.
“Helping Waldwick North identify a buyer that understands where these assets fit in the overall industrial marketplace was incredibly important for us, so it was an honor to see CoreOne Industrial add North Street to their portfolio,” Krieger said. “These two flex properties are in a thriving location that has evolved over the last several decades to take on a tenant mix that caters to light manufacturing, service, recreational and warehouse operations supporting the local community — making the Waldwick Center a very attractive location for community-based B-to-B and end-user businesses.”
