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Stock impact report

Monmouth Real Estate Announces New Acquisition In Trenton, NJ

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., Oct. 19, 2018 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE: MNR) today announced the acquisition of a new 347,145 square foot industrial building located at 584 US Highway 130, Trenton, NJ at a purchase price of $85,248,352. The property is net-leased for 15 years with approximately 14 years remaining to FedEx Ground Packaging System, Inc., a Delaware corporation. The building is situated on approximately 62 acres.Michael P. Landy, President and CEO, commented, "We are extremely pleased to announce this new acquisition. Centrally located between New York City and Philadelphia, this location serves 10% of the US population within a 75 mile radius and 33% of the US population within a two-hour drive. The property is in very close proximity to the New Jersey Turnpike, Interstate 195, and Interstate 295. It is located 45 miles south of Newark International Airport as well as the Port of New York and New Jersey. We have strategically positioned many of Show less Read more
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