The facility, located at 101 Crawfords Corner Road, was previously home to the historic Bell Labs laboratory, the real estate investment firm said.
“This move marks a milestone event for Monmouth as we begin our 52nd year as a public REIT. Our growth has been strong with gross assets more than tripling over the past eight years, while maintaining our high standards. Bell Works represents the perfect environment for our team to continue to take Monmouth to the next level and beyond,” Michael P. Landy, CEO and president, MREIC, said.
Other terms of the deal were not disclosed.