MONMOUTH BUYS 280,000 SF KANSAS INDUSTRIAL BUILDING FOR $18.8M

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EDWARDSVILLE, KAN. — Monmouth Real Estate Investment Corp. (NYSE: MNR) has acquired a 280,000-square-foot industrial building in Edwardsville, a western suburb of Kansas City, for $18.8 million. The property, located at 2552 South 98th St., is net leased for 10 years to International Paper Co., a Memphis, Tenn.-based global provider of paper and packaging materials. The Class A distribution center is within close proximity to four major interstates — I-435, I-70, I-635 and I-35. Freehold, N.J.-based Monmouth is a publicly traded REIT, which owns 78 industrial properties and one shopping center within 27 states.

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