Monmouth Real Estate acquires industrial building in Ga. for $61.1M

Freehold-based Monmouth Real Estate Investment Corp. announced Friday it has acquired an industrial building in Georgia for $61.1 million.

The brand new, 373,750-square-foot property is located at 650 Braselton Parkway in Braselton. It is currently net-leased to FedEx Ground Packaging Systems Inc. for 15 years. The building sits on about 93 acres.

“We are very pleased to announce this new acquisition … has substantial future expansion capacity. The Hartsfield-Jackson Atlanta International Airport consistently ranks as one of the world’s busiest airports and this facility is well situated to serve the 6.6 million residents located within the AtlantaAthens corridor,” Michael P. Landy, CEO and president, said.