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Lexington Realty buys industrial asset for $67M

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Lexington Realty buys industrial asset for $67M

Since the quarter ended June 30, Lexington Realty Trust paid $66.7 million to purchase a McDonough, Ga.-based industrial property that is net leased for 10.5 years, the company said in its earnings release.

Additionally, the company pocketed $7.7 million from the sale of a retail property in Lexington, N.C., and a vacant office asset in Rock Hill, S.C.

Lexington Realty also extended the 2018 lease maturities on two industrial properties, respectively located in Columbus, Ohio, and Marshall, Mich. The two assets total 1.0 million square feet.