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Monmouth Sells 65,000-SF Industrial Asset

Workwear and Textile Service Company Acquires Warehouse in Kansas City
January 16, 2018
Monmouth Real Estate Investment Corp., an investment firm specializing in owning net-leased industrial properties on long term leases, sold the 65,067-square-foot warehouse in Kansas City, MO to UniFirst-First Aid Corp. for an undisclosed price.

The single-story industrial building delivered in 2002 at 1801 N. Corrington Ave. The former tenant, Kellogg’s Snacks, moved out in mid-2017 due to an initiative launched known as Project K, and 185 employees were laid off.

The buyer, UniFirst, is one of North America's largest workwear and textile service companies, providing managed uniform, protective clothing and custom corporate image apparel programs to businesses.

Michael Watson and Daniel Jensen of Kessinger/Hunter & Company represented the seller, while Andrew Fischer of JLL represented the buyer.

Please see CoStar COMPS #4084934 for more information on this transaction.
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