{"id":1004127271,"date":"2015-09-11T08:10:56","date_gmt":"2015-09-11T16:10:56","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=360678"},"modified":"2021-05-10T03:00:42","modified_gmt":"2021-05-10T11:00:42","slug":"victory-packaging-find-new-home-in-fayetteville-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/victory-packaging-find-new-home-in-fayetteville-2\/","title":{"rendered":"Victory Packaging Find New Home in Fayetteville"},"content":{"rendered":"<p><em>By Adelina Osan, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.mreic.com\/\" rel=\"nofollow\" >Monmouth Real Estate Investment Corp.<\/a> recently announced a new lease agreement with <a href=\"https:\/\/www.victorypackaging.com\/en\/\" rel=\"nofollow\" >Victory Packaging LP<\/a>, a subsidiary of <a href=\"https:\/\/www.kapstonepaper.com\/\" rel=\"nofollow\" >KapStone Paper and Packaging Corp<\/a>. Victory will occupy a 148,000 square foot building located in Fayetteville.<\/p>\n<div id=\"attachment_360679\" class=\"wp-caption alignright\" style=\"width: 271px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Victory-Packaging.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-360679\" title=\"Victory Packaging\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Victory-Packaging.png\" alt=\"Victory Packaging\" width=\"261\" height=\"97\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Victory Packaging<\/p>\n<\/div>\n<p>MREIC and Victory have agreed upon a 5.25 year lease agreement commencing on December 1, 2015, with an initial annual rent of $469,160, representing $3.17 per square foot. <em><\/em><\/p>\n<p>&#8220;We are very pleased to add Victory Packaging to our high-quality tenant base. Having recently been acquired by KapStone, the company plans to grow their packaging and distribution business going forward,\u201d said Richard Molke, vice president of asset management, in a prepared statement. \u201cVictory Packaging has been in the Fayetteville market since 2003 and our building will provide them with capacity for growth in the Fayetteville area,\u201d added Molke.<\/p>\n<p>The lease agreement increases MREIC&#8217;s current occupancy rate from 97.7 percent to 98.7 percent for a total of 14 million rentable square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monmouth Real Estate Investment Corp. recently announced a new lease agreement with Victory Packaging LP, a subsidiary of KapStone Paper and Packaging Corp. Victory will occupy a 148,000 square foot building located in Fayetteville.<\/p>\n","protected":false},"author":735,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21742],"tags":[],"class_list":["post-1004127271","post","type-post","status-publish","format-standard","hentry","category-charlotte","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Victory Packaging Find New Home in Fayetteville - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/victory-packaging-find-new-home-in-fayetteville-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Victory Packaging Find New Home in Fayetteville\" \/>\n<meta property=\"og:description\" content=\"Monmouth Real Estate Investment Corp. recently announced a new lease agreement with Victory Packaging LP, a subsidiary of KapStone Paper and Packaging Corp. Victory will occupy a 148,000 square foot building located in Fayetteville.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/victory-packaging-find-new-home-in-fayetteville-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-11T16:10:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T11:00:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Victory-Packaging.png\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/victory-packaging-find-new-home-in-fayetteville-2\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/victory-packaging-find-new-home-in-fayetteville-2\/\",\"name\":\"Victory Packaging Find New Home in Fayetteville - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/victory-packaging-find-new-home-in-fayetteville-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/victory-packaging-find-new-home-in-fayetteville-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Victory-Packaging.png\",\"datePublished\":\"2015-09-11T16:10:56+00:00\",\"dateModified\":\"2021-05-10T11:00:42+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/423ceee57e2e9ef5e458c68f8a3aa615\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/victory-packaging-find-new-home-in-fayetteville-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/victory-packaging-find-new-home-in-fayetteville-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/victory-packaging-find-new-home-in-fayetteville-2\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Victory-Packaging.png\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Victory-Packaging.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/victory-packaging-find-new-home-in-fayetteville-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Victory Packaging Find New Home in Fayetteville\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/423ceee57e2e9ef5e458c68f8a3aa615\",\"name\":\"Adelina Osan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/adelina-osan-1.jpg?w=81\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/adelina-osan-1.jpg?w=81\",\"caption\":\"Adelina Osan\"},\"description\":\"Adelina Osan is a publishing manager with Commercial Property Executive and Multi-Housing News. She joined the team in 2015 as associate editor and covered commercial, residential and student housing news assignments. 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