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Monmouth Real Estate purchases Braselton, Ga., property for $61M

Monmouth Real Estate Investment Corp. paid approximately $61.1 million to acquire a 373,750-square-foot industrial building in Braselton, Ga.

The single-tenant, net-lease industrial real estate investment trust said the brand new property at 650 Braselton Parkway sits on about 93 acres and is net-leased to FedEx Ground Packaging System Inc. for 15 years.