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FedEx Distribution Center in Livonia Trades for $14.4M

Monmouth REIT Expands Portfolio with Net-Leased Industrial Property
By Victor Etongwe
November 19, 2012 | 6:20 P.M.

Monmouth Real Estate Investment Corp., a New Jersey-based real estate investment trust, acquired the 172,005-square-foot industrial building at 38401 Amrhein Road in Livonia, MI, for $14.35 million or $83 per square foot. Allman Co. was the seller.

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