{"id":1004171969,"date":"2017-04-07T06:09:10","date_gmt":"2017-04-07T14:09:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004171969"},"modified":"2022-12-07T01:46:13","modified_gmt":"2022-12-07T09:46:13","slug":"monmouth-nabs-fedex-ground-terminal-in-michigan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/monmouth-nabs-fedex-ground-terminal-in-michigan\/","title":{"rendered":"Monmouth Nabs FedEx Ground Terminal in Michigan"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004171979\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004171979\" data-attachment-id=\"1004171979\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/monmouth-nabs-fedex-ground-terminal-in-michigan\/3466-shippers-drive\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/3466-Shippers-Drive.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"3466 Shippers Drive\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;3466 Shippers Drive&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/3466-Shippers-Drive.jpg?w=800\" class=\"wp-image-1004171979 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/3466-Shippers-Drive.jpg\" alt=\"3466 Shippers Drive\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/3466-Shippers-Drive.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/3466-Shippers-Drive.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/3466-Shippers-Drive.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004171979\" class=\"wp-caption-text\">3466 Shippers Drive<\/p><\/div>\n<p>Monmouth Real Estate Investment Corp. recently announced that it has acquired a 343,483 square-foot FedEx shipping terminal in\u00a0Walker, Mi.,\u00a0for $32.12 million. The property was completed last year by a.j. Veneklaasen Inc., and is fully leased to FedEx Ground Packaging Systems Inc. for 15 years.<\/p>\n<p>Located at 3466 Shippers Drive, the 8-acre building has 104 loading docks, a vehicle maintenance facility, a 500-space employee parking lot, \u00a0as well as 300 trailer storage spaces. Moore &amp;\u00a0Bruggink provides civil engineering services for the property.\u00a0<em>&#8220;Since the turn of the century, every year has resulted in a new record amount of eCommerce deliveries. Each of our FedEx locations has become a highly-coveted foothold for large businesses,&#8221;<\/em>\u00a0President &amp; CEO Michael Landy said in prepared statements.<\/p>\n<p>Monmouth, one of the oldest public equity REITs in the country, also acquired another <a href=\"https:\/\/www.commercialsearch.com\/news\/monmouth-snags-fedex-leased-warehouse-for-21m\/\">FedEx-leased warehouse<\/a>\u00a0at the beginning of the year. The company currently has a portfolio of more than 100 properties, totaling approximately 17 million square feet.<\/p>\n<p><em>Image courtesy of Moore &amp;\u00a0Bruggink<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company also acquired another FedEx-Leased warehouse at the beginning of the year. <\/p>\n","protected":false},"author":753,"featured_media":1004171979,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1495,21748,13,21742],"tags":[33339,34865,33340],"class_list":["post-1004171969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-detroit","category-industrial","category-midwest","category-latest","tag-fedex","tag-michael-landy","tag-monmouth-real-estate-investment-corporation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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