Lexington Corporate Properties Trust announced that one of its joint venture investment programs has acquired two adjacent industrial facilities totaling 432,445 square feet in Weston, Fla.

The total value of the transactions was $30.6 million.

The properties are net-leased to Hagemeyer Foods Inc. and Circuit City Stores Inc.

The Hagemeyer property is a 201,845-square-foot distribution and cold storage facility constructed in 1995 on 15.1 acres. The property is net leased to Hagemeyer through Dec. 31, 2012. The purchase price was $18.1 million.

The Circuit City property is a 230,600-square-foot distribution facility constructed in 1995 on 16.1 acres. The property is net leased to Circuit City through Feb. 28, 2017. The purchase price was $12.5 million.

Lexington Corporate Properties Trust is a real estate investment trust that owns and manages office, industrial and retail properties.

***

What’s your opinion? Send your Letter to the Editor to newsroom@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription