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Stock impact report

Monmouth Real Estate Announces New Acquisition In Charleston, SC

Mach Natural Resources LP (MNR) 
Last mach natural resources lp earnings: 2/6 04:25 pm Check Earnings Report
US:NYSE Investor Relations: mreic.reit
Company Research Source: PR Newswire
FREEHOLD, N.J., Aug. 15, 2018 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE: MNR) today announced the acquisition of a brand new 265,318 square foot industrial building located at 6850 Weber Boulevard, N. Charleston, SC at a purchase price of $47,174,296. The property is net-leased for 15 years to FedEx Ground Packaging System, Inc., a Delaware corporation. The building is situated on approximately 50 acres.Michael P. Landy, President and CEO, commented, "We are very pleased to announce this new acquisition. This property is ideally located near the Charleston International Airport and has ample acreage to accommodate future expansion. The Port of Charleston is one of our nation's fastest growing ports and has the deepest channel in the southeast region. Boeing, BMW, Daimler, Volvo and several other large companies have chosen to locate and expand their operations here. This acquisition marks our fourth property located in Charleston. Monmouth is very pleased to co Show less Read more
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