Monmouth Real Estate Investment Corporation has acquired a new industrial building in Hamburg, NY, for $35.1 million. The 338,854 square foot building is located at 3779 Lake Shore Road, and is leased for 15 years to FedEx Ground Packaging System, Inc. Michael P. Landy, President and CEO and Monmouth Real Estate said, “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. This 49 acre property situated right off of Interstate 90 will serve as a strategically vital outpost for FedEx as it will handle cross-border shipments and custom clearing with Canada.”
