Lexington buys North Carolina warehouse

Property net leased to furniture maker
Published on Jul 21, 2004

Sonnenblick-Goldman Co., on behalf of Lexin Capital, has arranged the sale of the 245,000-square-foot Steelcase Inc. facility in High Point, N.C. The value of the transaction was not disclosed. Lexington Corporate Properties Trust purchased the building, a warehouse/manufacturing facility that was a build to suit for Steelcase Inc. in 2002 for its Brayton International subsidiary. The building is leased to Steelcase under a long-term net lease agreement. Steelcase is a manufacturer of office furniture and systems. Lexington Corporate Properties Trust is a real estate investment trust that owns and manages office, industrial and retail properties. New York-based Sonnenblick-Goldman Co. provides a full range of financial services, including debt and equity placements, joint ventures, investment sales and advisory services. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....

Comments