Monmouth Real Estate Acquires FedEx-Leased Industrial Building in Savannah for $27.8M
SAVANNAH, GA. — Monmouth Real Estate Investment Corp. has acquired a new 126,520-square-foot industrial building in Savannah for $27.8 million. The building is part of Morgan Lakes Industrial Boulevard, a property that consists of three industrial buildings on about 29 acres. Freehold Township, N.J.-based Monmouth Real Estate’s newest acquisition is net-leased to Memphis-based FedEx for 10 years. The seller was undisclosed.