Burton Real Estate (BRE), an industrial real estate company headquartered in Wilton, CT has acquired 405 Heron Drive in Swedesboro, NJ for $12.4 million. This expands BRE’s holdings to over 1 million square feet of industrial properties in North America. Robert DePiero, Managing Director of BRE, states “the acquisition of 405 Heron Drive adds to our strategy of expanding our industrial footprint; it is precisely the type of property our portfolio is built on, it possess both a strong tenant base and ample opportunity to generate added value”.
This acquisition adds another well-positioned industrial asset to the rapidly expanding BRE portfolio where they focus on maintaining and creating value in their properties. BRE achieves this through rigorous physical inspections, maintaining strong owner/tenant partnerships, developing careful financial budgeting, expense control and overseeing a balanced risk management plan.
The “Flynn Company” represented the seller in the transaction.