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Lexington Realty sells $59.1M of assets, buys $34.4M industrial facility in Q2

Lexington Realty Trust sold $59.1 million of assets and bought an industrial facility for $34.4 million in the second quarter.

The company sold six properties that total roughly 1.9 million square feet and had an average occupancy of 41%.

The sold assets comprise two industrial, two multi-tenant office, one retail and one multi-tenant industrial property.

During the period, the company also bought an 851,000-square-foot industrial facility in Cleveland, Tenn., that is fully leased to General Electric Co.

Lexington also completed a 201,000-square-foot office property in Charlotte, N.C., for a capitalized cost of $61.3 million, during the second quarter. The property is fully leased to AvidXchange Inc. through April 2032.