FORT WORTH--Monmouth Real Estate Investment Corp. has acquired a new 304,608-square-foot industrial building at Alliance Airport for a purchase price of $35,300,832.
Located at 2701 Texas Longhorn Way, the property is net-leased for 15 years to Delaware-based FedEx Ground Package System Inc. The building is situated on approximately 44.2 acres.
"We are very pleased to announce the acquisition of this brand new class A built-to-suit distribution center leased for 15 years to FedEx Ground,” Michael P. Landy, president and CEO, says. “The Fort Worth Alliance Airport is the world's first 100 percent industrial airport and represents one of the largest inland ports in North America.
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