MONMOUTH ACQUIRES INDUSTRIAL BUILDING IN COCOA

COCOA, FLA. — Monmouth Real Estate Investment Corp. has acquired an 89,101-square-foot industrial building, located at 3155 Grissom Pkwy. in Cocoa for $10.4 million. Regional Development Group constructed the building in 2006 and sold the property to Monmouth. The property is net-leased to FedEx Ground Package System, a subsidiary of Federal Express Corp., through July 2017.