News:
Brokerage
Posted: August 24, 2015
Monmouth Real Estate acquires $35.3 million industrial bldg.
Monmouth Real Estate Investment Corp. completed the acquisition of a new 304,608 s/f industrial building located in the Fort Worth Alliance Airport at 2701 Texas Longhorn Way, at a purchase price of $35.3 million. The property is net-leased for 15 years to FedEx Ground Package System, Inc., a Delaware corporation. The building is situated on 44.2 acres.
Michael Landy, president and CEO, said, "We are very pleased to announce the acquisition of this brand new class A built-to-suit distribution center leased for 15 years to FedEx Ground. The Fort Worth Alliance Airport is the world's first 100% industrial airport and represents one of the largest inland ports in North America. Our 304,608 s/f fully-automated facility is situated right off of the runway and is immediately adjacent to FedEx Express' 600,000 s/f Southwest Regional Hub."
Tags:
Brokerage
MORE FROM Brokerage
200E20TH sells out in Gramercy, penthouse A closes out sales at the CetraRuddy-designed condominium residences
Manhattan, NY 200E20TH, the CetraRuddy-designed architectural masterwork that brought a curved, contemporary sensibility to Gramercy’s Beaux-Arts streetscape, has
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
.gif)