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June 10, 2016 Comments Off on NJ-Based Monmouth Pays $28M for CO FedEx Center Views: 303 California News, Colorado, National News, New Jersey, Northeast, West

NJ-Based Monmouth Pays $28M for CO FedEx Center

Monmouth Real Estate Investment Corp., based in Freehold, NJ, spent $28.8 million to acquire a new, 225-362-square-foot FedEx distribution center at 125 N. Troy Rd. in Colorado Springs. The building, situated on approximately 27.4 acres, is net leased to the distribution company for 10 years.

The New Jersey investor acquired the asset from developer SunCap Property Group, based in Charlotte, NC. SunCap has built about a dozen FedEx distribution centers in eight states. The Colorado Springs center serves eastern Colorado.

Read More at PR Newswire

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