{"id":1004151208,"date":"2016-08-31T04:10:28","date_gmt":"2016-08-31T12:10:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004151208"},"modified":"2020-05-17T22:35:11","modified_gmt":"2020-05-18T06:35:11","slug":"monmouth-announces-32m-acquisition-in-the-kansas-city-msa","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/monmouth-announces-32m-acquisition-in-the-kansas-city-msa\/","title":{"rendered":"Monmouth Makes $32M KC Metro Buy"},"content":{"rendered":"

By Anca Gagiuc, Associate Editor<\/em><\/p>\n

\"FedEx<\/a>

FedEx Ground Hub in Kansas City, Mo.<\/p><\/div>\n

Kansas City, Mo.<\/strong>\u2014In an approximately $31.7 million deal, Monmouth Real Estate Investment Corp.<\/a> acquired a 313,763-square-foot industrial building<\/a> at 22525 W. 167th<\/sup> St. in Olathe, Kan.<\/p>\n

The property lies on 45 acres and is net-leased for 15 years to Delaware-based FedEx Ground Packaging System Inc.<\/p>\n

“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. The 45-acre property is situated right off of Interstate 35 and is part of the Kansas City MSA. Due to its central geographic location and intermodal infrastructure, the Kansas City MSA is highly desired by logistics companies. Kansas City is the largest freight rail hub in the nation and this market is expected to continue to experience strong demand for many years to come,” stated Michael Landy, president & CEO of Monmouth.<\/p>\n

Image courtesy of Excel Constructors<\/a> <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Olathe, Kan., distribution center was fully leased at the time of sale.<\/p>\n","protected":false},"author":237,"featured_media":1004151319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21748,21783,1592,13,21742],"tags":[],"class_list":["post-1004151208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-industrial","category-investment","category-kansas-city","category-midwest","category-latest"],"acf":[],"yoast_head":"\nMonmouth Makes $32M KC Metro Buy - 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\/monmouth-announces-32m-acquisition-in-the-kansas-city-msa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monmouth Makes $32M KC Metro Buy\" \/>\n<meta property=\"og:description\" content=\"The Olathe, Kan., distribution center was fully leased at the time of sale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/monmouth-announces-32m-acquisition-in-the-kansas-city-msa\/\" \/>\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=\"2016-08-31T12:10:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T06:35:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/FedEx-Ground-Hub-in-Kansas-City-Mo..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-announces-32m-acquisition-in-the-kansas-city-msa\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-announces-32m-acquisition-in-the-kansas-city-msa\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Monmouth Makes $32M KC Metro Buy\",\"datePublished\":\"2016-08-31T12:10:28+00:00\",\"dateModified\":\"2020-05-18T06:35:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-announces-32m-acquisition-in-the-kansas-city-msa\\\/\"},\"wordCount\":166,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-announces-32m-acquisition-in-the-kansas-city-msa\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/08\\\/FedEx-Ground-Hub-in-Kansas-City-Mo..jpg\",\"articleSection\":[\"Brokerage\",\"Deals\",\"Industrial\",\"Investment\",\"Kansas City\",\"Midwest\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-announces-32m-acquisition-in-the-kansas-city-msa\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-announces-32m-acquisition-in-the-kansas-city-msa\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-announces-32m-acquisition-in-the-kansas-city-msa\\\/\",\"name\":\"Monmouth Makes $32M KC Metro Buy - 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