What Cornerstone Realty does

Cornerstone Realty, Inc. is a privately held, family-owned commercial real estate investment and management company headquartered at 240 East Aurora Street, Waterbury, Connecticut, with operating roots in the city dating to 1895. The firm acquires and manages industrial and office properties totaling more than 2,000,000 square feet, with a stated specialization in re-positioning and re-developing large, highly distressed facilities into fully leased, high-quality multi-tenant assets. Its disclosed portfolio spans Connecticut (400 Captain Neville Drive, 562 Captain Neville Drive, 185 Huntingdon Avenue in Waterbury; 900 Main Street South in Southbury) and Pennsylvania (1000 Armand Hammer Blvd / Tri-County Commerce Park in Pottstown), with flagship assets including a 749,880 SF warehouse at a Route 422 four-way interchange and a 208,000 SF tilt-up industrial building at I-84 Exit 25A.

The company's revenue model is anchored in commercial property leasing, structured predominantly on NNN (triple-net) terms where tenants pay base rent plus proportional operating expenses, taxes, and insurance. Disclosed asking rents cluster around $6.95–$7.25 per square foot per year NNN on industrial space, with office pricing quoted on application. Distribution is dual-channel: direct leasing via an internal team led by Ryan Bessette, supplemented by co-broker partnerships (e.g., Godin Property Brokers for the Southbury office park) and third-party property management engagements (BCW Associates, LTD for the Pottstown asset). Customer segments are horizontal — industrial, warehouse, manufacturing, distribution, and office tenants — across the regional Northeast and Southeast Pennsylvania markets, with no named enterprise logos or tenant concentration disclosed. Leadership is led by Chairman and CEO Jonathan D. Albert and CFO Timo Makkonen, with a workforce of 11–50 employees; there is no evidence of AI/ML capability, digital product surface, or institutional funding.

Name

Cornerstone Realty

Legal name

Cornerstone Realty, Inc.

Website

https://criproperties.net

Company type

Private

Founded year

1895

Operating status

Operating

Headcount range

11–50 employees

Short description

Cornerstone Realty is a family-owned, Waterbury, CT-based commercial real estate firm that acquires, re-develops, and manages distressed industrial and office properties totaling over 2,000,000 SF across Connecticut and Pennsylvania, leasing multi-tenant space to industrial, distribution, and office users.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Commercial real estate
• Industrial property management
• Office leasing
• Warehouse management
• Property redevelopment

Headquarters

HQ city

Waterbury

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Marketing or Sales

Revenue model

1. Commercial Property Leasing: Cornerstone Realty generates revenue through acquiring, re-developing, and managing industrial and office properties. The company leases space to tenants in multi-tenant commercial properties, with lease structures including NNN (Triple Net) arrangements.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Cornerstone Realty is a commercial real estate investment and management company that acquires and manages industrial and office properties in excess of 2,000,000 SF. The firm specializes in re-positioning and re-developing large, highly distressed facilities into fully leased, high-quality, multi-tenant commercial properties, leasing space to industrial, manufacturing, distribution, and office tenants primarily under NNN (Triple Net) lease structures across Connecticut and Pennsylvania.

Product overview

Cornerstone Realty, Inc. is a commercial real estate company that operates as a single unified offering rather than a platform-plus-modules architecture. The company acquires and manages industrial and office properties totaling over 2,000,000 SF, specializing in the repositioning and re-development of large, highly distressed facilities into fully leased, high-quality, multi-tenant commercial properties. The core product consists of Industrial Property Management, Office Property Management, and Property Re-Development Services. The company's portfolio includes individual property listings such as the 562 Captain Neville Drive and 400 Captain Neville Drive industrial facilities in Waterbury, CT, the 185 Huntingdon Avenue and 900 Main Street South office/industrial properties, and the 1000 Armand Hammer Blvd (Tri-County Commerce Park) warehouse in Pottstown, PA. These properties range from small multi-tenant spaces to large-scale industrial facilities spanning hundreds of thousands of square feet.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Property Management Acquisition, repositioning, and ongoing management of industrial properties (warehouse, manufacturing, distribution) as part of Cornerstone's multi-tenant commercial real estate portfolio, leased to industrial and logistics tenants under NNN arrangements.
• Office Property Management Acquisition and management of office properties as part of Cornerstone's commercial real estate portfolio, delivering leased office space to professional and service-based businesses.
• 562 Captain Neville Drive – Waterbury CT Leased industrial property offering 30,000 SF (non-divisible) of warehouse (27,000 SF) plus office (3,000 SF) space, with term of 3+ years at $6.95 NNN/SF/YR, IP / Industrial zoning, and ready for occupancy. Targeted at industrial, manufacturing, distribution, and service-based tenants.
• 400 Captain Neville Drive – Waterbury CT Tilt-up concrete industrial / warehouse building with +/- 10,000 SF distribution and office space available; term of 10+ years, lease rate $7.25 SF NNN, IP zoning. Targeted at industrial and distribution tenants in the Waterbury, CT market.
• 185 Huntingdon Avenue – Waterbury, CT One-story industrial property providing office space and light manufacturing areas with on-site parking; currently 100% occupied. Targeted at industrial and light-manufacturing tenants.
• 900 Main Street South – Southbury CT Premier suburban office park with Building 2, Suite 2-300 offering 2,600 SF of office space (B-3B zoning). Co-brokered with Godin Property Brokers. Targeted at professional and service-based office tenants in suburban Connecticut.
• 1000 Armand Hammer Blvd – Pottstown PA (Tri-County Commerce Park) Large-scale warehouse / distribution property totaling 749,880 SF on 50 acres, currently 100% occupied. Managed by Cornerstone Realty as part of its Pennsylvania portfolio. Targeted at warehouse and distribution tenants.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Godin Property BrokersminorChannel Partner/ Reseller/ DistributorCo-broker partnership for office property leasing. Godin Property Brokers, represented by Michael Grieder, co-markets available office space at 900 Main Street South, Southbury CT property with Cornerstone's internal leasing team.
• BCW Associates, LTD.minorOthersBCW Associates, LTD is the property owner of 1000 Armand Hammer Blvd, Pottstown, PA. Cornerstone Realty, Inc. manages this property as part of their portfolio.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• R. M. Bradley & Co. Long-standing New England commercial real estate firm offering property management, brokerage, and investment services. Comparable to Cornerstone in serving Northeast-based institutional and private owners of office and industrial assets, with similar regional footprint and full-service property management orientation.
• National Development: New England commercial real estate developer and owner of office, industrial, mixed-use, and multifamily properties. Comparable to Cornerstone in pursuing value-add repositioning and management of suburban office and industrial assets in the same Northeast geography.
• The Wilder Companies: New England-based commercial real estate firm owning and managing office, industrial, and mixed-use properties. Comparable to Cornerstone as a privately held operator focused on re-positioning and managing suburban office and industrial assets in the Northeast.
• Cummings Properties: Massachusetts-based privately held commercial real estate firm that acquires, develops, and manages office and industrial space. Comparable to Cornerstone in operating a multi-tenant, value-add suburban office/industrial portfolio in the Northeast with an entrepreneurial, owner-operator model.
• Marcus Partners: Boston-based private real estate investment and operating company focused on value-add office, industrial, and life-science properties in the Northeast. Comparable to Cornerstone in owning and managing industrial and office product with a similar value-add repositioning thesis.
• Simon Konover Company: Connecticut-based, privately held family real estate company that owns, develops, and manages commercial and residential properties across the Northeast. Comparable to Cornerstone as a multi-generational regional CRE owner/operator with a similar entrepreneurial, value-add repositioning approach in adjacent markets.

Broad incumbents

• CBRE Group: Global commercial real estate services firm offering investment sales, leasing, property management, and advisory across all asset types. Comparable to Cornerstone as a broader incumbent operating in the same Northeast CRE market and providing competing property management and leasing services.
• Eastgroup Properties: Publicly traded industrial REIT focused on multitenant distribution and light industrial properties across the Sunbelt. Comparable to Cornerstone in its multitenant industrial orientation but operates as a much larger, publicly listed REIT with institutional capital access.
• STAG Industrial: Publicly traded industrial REIT that owns and operates a diversified portfolio of single- and multi-tenant industrial properties across the US. Comparable to Cornerstone in multi-tenant industrial ownership but at institutional scale and with a national footprint.
• Rexford Industrial Realty: Publicly traded industrial REIT focused on infill Southern California logistics properties. Comparable to Cornerstone in operating multi-tenant industrial real estate but at vastly larger scale and with a national, institutionally-backed capital structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CStoneRealty
• Facebookfacebook.com/CRIProperties.net
• LinkedInlinkedin.com/company/cornerstone-realty-inc
• Instagraminstagram.com/cripropertiesinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cornerstone Realty