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Monmouth Real Estate announces more than $10M and 100,000 square feet in acquisitions

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Freehold-based Monmouth Real Estate Investment Corp. announced Thursday its acquisition of two properties totaling more than $10 million and 100,000 square feet.

According to the announcement, the first is a 12.2-acre, 99,102-square-foot industrial building located in Green Bay, Wis., at a purchase price of $6.57 million.

The company also announced the acquisition of a 7.5-acre, 60,398-square-foot industrial building located in Rochester, Minn., at a purchase price of $5.27 million. Both properties are net leased for 10 years to FedEx Ground Package System Inc.

Write to the Editorial Department at editorial@njbiz.com

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