Monmouth Real Estate invests in Locust Grove

Aerial photo of Locust Grove industrial space (staff photo)

Monmouth Real Estate Investment Corporation of Holmdel, New Jersey announced the purchase of a Locust Grove distribution center. The sale — reported on December 24 — had a purchase price of $96.7 million. The 657,518 square foot building is located at 3150 Highway 42.

Home Depot U.S.A., Inc. leased the building for twenty years. The company...

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Clayton Carte is the founder and owner of MHF News. Since 2017, he has written over 1,000 articles sharing local updates with the community.