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.