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Lexington Realty buys 4, sells 8 properties in Q4'17

Lexington Realty Trust bought four industrial properties during the fourth quarter of 2017 for $140.0 million and sold eight properties for $47.9 million.

The company also financed an office property during the period, generating initial gross proceeds of $45.4 million.

During the quarter, Lexington formed a joint venture that bought a 151-acre parcel for industrial build-to-suit projects. The company contributed $5.8 million in December 2017 for a 90% interest in the joint venture with a developer. The land parcel is in a Columbus, Ohio, submarket.

The acquired properties are in Lafayette, Ind.; Winchester, Va.; and Romulus and Warren, Mich.

The sold properties include office buildings in Lisle, Ill.; Pine Bluff, Ark.; Little Rock, Ark.; and Tampa, Fla. The company sold a multi-tenant industrial building in High Point, N.C., and a multi-tenant office building in Fisher, Ind. Two other properties were sold in Staunton, Va., and Tulsa, Okla.