Monmouth Buys FedEx Ground DC
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New Jersey-based Monmouth Real Estate Investment Corporation acquired the industrial building at 500 N. Ridge Trail Davenport, FL from Jones Development Company LLC for $ 31.78 million, or approximately $ 127 per square foot. The 310,922-square-foot industrial building delivered this year in the Tampa / St. Petersburg market in Polk county. Fed Ex Ground has a 15-year net lease. The property sits on 47 acres. The buyer and the seller had in-house…
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