 Holmdel, New Jersey, Aug. 25, 2021 GLOBE NEWSWIRE -- Monmouth Real Estate Investment Corporation NYSE:MNR today announced the acquisition of a new 259,053 square foot industrial building located at 3774 Snyder Road, Kodak, TN at a purchase price of 34.4 million. The property is net-leased for 15 years to FedEx Ground Packaging System, Inc., a Delaware corporation. The building is situated on approximately 42.6 acres representing a land to building ratio of over 7 times providing for substantial future expansion capacity. 