LINDALE - A 163,378-sf industrial building located at 800 Lindale Industrial Parkway has been purchased for $10.3 million by Monmouth Real Estate Investment Corporation. The property is net-leased for ten years to FedEx Ground Package System Inc.
The building is situated on approximately 18 acres just outside of Tyler and is expandable.
Michael P. Landy, President and CEO, commented, "This new built-to-suit property is in close proximity to Interstate 20 and the Union Pacific rail hub. Texas is one of the most business friendly states in the nation and this acquisition enhances our already strong presence here."
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.