Monmouth Real Estate acquires industrial building in Indianapolis

Monmouth Real Estate Investment Corp. has acquired a new 615,747-square-foot industrial building located at 1151 S. Graham Road in Greenwood, Ind., at a purchase price of $81.5 million.

The property is net-leased for 15 years to Amazon.com Services, Inc. The building is situated on approximately 78.64 acres.

Michael Landy, president and CEO, commented, “In keeping with our commitment of owning a best-in-class, modern industrial property portfolio with vast linkages to the digital economy, we are very pleased to announce this acquisition. The Indianapolis industrial market represents one of the best locations in the United States, and this acquisition further enhances our large presence here.”