{"id":1004181916,"date":"2017-06-27T00:44:56","date_gmt":"2017-06-27T08:44:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004181916"},"modified":"2022-12-08T01:45:00","modified_gmt":"2022-12-08T09:45:00","slug":"monmouth-acquires-east-dallas-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/monmouth-acquires-east-dallas-industrial-facility\/","title":{"rendered":"Monmouth Acquires East Dallas Industrial Facility"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/5005-Samuell-Blvd.-in-Mesquite-Texas.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004181919\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/monmouth-acquires-east-dallas-industrial-facility\/monmouth-real-estate-investment-after\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/5005-Samuell-Blvd.-in-Mesquite-Texas-e1498463680707.jpg\" data-orig-size=\"1060,796\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Monmouth Real Estate Investment&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;After: Monmouth\\u0092s Brand New 351,874 sf FedEx Ground Facility (PRNewsfoto\/Monmouth Real Estate Investment)&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses.&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;Monmouth Real Estate Investment-After&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"5005 Samuell Blvd. in Mesquite, Texas\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;5005 Samuell Blvd. in Mesquite, Texas&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/5005-Samuell-Blvd.-in-Mesquite-Texas-e1498463680707.jpg?w=1024\" class=\"wp-image-1004181919 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/5005-Samuell-Blvd.-in-Mesquite-Texas-e1498463680707.jpg\" alt=\"5005 Samuell Blvd. in Mesquite, Texas\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/5005-Samuell-Blvd.-in-Mesquite-Texas-e1498463680707.jpg 1060w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/5005-Samuell-Blvd.-in-Mesquite-Texas-e1498463680707.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/5005-Samuell-Blvd.-in-Mesquite-Texas-e1498463680707.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/5005-Samuell-Blvd.-in-Mesquite-Texas-e1498463680707.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p class=\"wp-caption-text\">5005 Samuell Blvd. in Mesquite, Texas<\/p><\/div>\n<p>Monmouth Real Estate Investment Corp. has acquired a 352,000-square-foot industrial building in Mesquite, Texas, for $50.6 million. The facility is net-leased for 15 years to FedEx Ground Packaging System.<\/p>\n<h2>Brand new facility<\/h2>\n<p>The brand new, Class A industrial building is located at 5005 Samuell Blvd., eight miles away from downtown Dallas, and offers convenient access to and from U.S. Highway 80 and E. R.L. Thornton Freeway. The facility sits on a nearly 65-acre lot, which previously housed Big Town Mall, for years the largest mall in Texas.<\/p>\n<p><em>\u201cThe construction of this brand-new FedEx Ground distribution center here is indicative of the changing of the guard taking place in the world of consumer spending,&#8221;<\/em> Michel Landy, president &amp; CEO of Monmouth, said in a prepared statement.<\/p>\n<p>At the beginning of the year, Monmouth expanded its industrial portfolio with the acquisition of a <a href=\"https:\/\/www.commercialsearch.com\/news\/monmouth-snags-fedex-leased-warehouse-for-21m\/\">Florida FedEx-leased warehouse<\/a>.<\/p>\n<p><em>Image courtesy of Monmouth Real Estate Investment Corp.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monmouth Real Estate Investment Corp. purchased a 352,000-square-foot industrial building in Mesquite, Texas. The property changed hands for $50.6 million. <\/p>\n","protected":false},"author":753,"featured_media":1004505888,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21743,21748,21742],"tags":[33339,34865,33340],"class_list":["post-1004181916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-industrial","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) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Monmouth Acquires East Dallas Industrial Facility - 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-acquires-east-dallas-industrial-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monmouth Acquires East Dallas Industrial Facility\" \/>\n<meta property=\"og:description\" content=\"Monmouth Real Estate Investment Corp. purchased a 352,000-square-foot industrial building in Mesquite, Texas. 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