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NEW YORK CITY-Monmouth Capital Corp. makes the largest industrial purchase in the REIT’s portfolio with a $4.2M-, 62,986-sf buy within the Walden Commerce Exchange Industrial Park in Cheektowaga, NY. Located at 1289 Walden Ave. in Erie County, the property is under net lease to FedEx Ground Package System Inc. for 10 years. Both buyer and seller, Kansas City-based FedJones Cheektowaga LLC, were self-represented in the deal.

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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