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Real Estate

Lexington Realty Trust Sells $726M Office Portfolio As Focus Shifts To Single-tenant, Net-leased Industrial Properties - Costar Group

by posted 7months ago 307 views
The 200,000-square-foot AvidExchange office building in Charlotte, North Carolina, was one of 21 Lexington Realty Trust sold to a new joint venture. Lexington Realty Trust sold its majority ownership in a portfolio of 21 office buildings for $726 million to a joint venture with Davidson Kempner Capital Management LP as it transitions its focus to industrial property away from offices. Lexington, which will retain a 20 percent interest in the...