Monmouth Capital Makes 63,000 SF Industrial Buy

NEW YORK CITY-The publicly owned REIT makes its third industrial play with an acquisition in the Walden Commerce Exchange Industrial Park in Cheektowaga, NY. This building is currently under a 10-year net lease with FedEx Ground Package System Inc.

By Michael Gilliard | September 20, 2002 at 01:01 AM

Additionally, the REIT owns a 51% stake in Marcy's East, a warehouse located in Carlsbad, NJ, and has complete ownership over a 59,425 sf industrial space in White Bear Lake, MN, a source close to the transaction tells GlobeSt.com.

Based in Freehold, NJ, Monmouth Capital Corp. is a publicly-owned REIT that invests in CMBS, manufactured home loans, REIT preferred and common securities and equity interests. The company has operated publicly since 1961.

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