Regions Southeast
Orlando Industrial Building Snapped up in 1031 Exchange
Oct 7, 2008

The 110,600-square-foot industrial property at 950 Bennett Rd. in Orlando has just come under new ownership, courtesy of Monmouth Real Estate Investment Corp.'s acquisition of the asset from FE Orlando Investment L.P. The building serves as the replacement property in a 1031 exchange transaction that included Monmouth's disposition of an industrial facility in Franklin, Mass., in June of this year. Federal Express occupies 950 Bennett in its entirety under a lease that is effective through November 30, 2017. The property is Freehold, N.J.-headquartered Monmouth's sole asset in Orlando.


 
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Flagler Development Group has signed paper products firm Lagasse Sweet to a 240,000-square-foot lease in a build-to-suit facility at Flagler Station, South Florida’s largest business park.
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