Indiana distribution facility sold

Food packer/supplier holds long-term lease

Lexington Strategic Asset Corp. on Thursday announced it acquired a distribution facility in Plymouth, Ind., for a purchase price of approximately $8.9 million. The distribution facility consists of two single-story warehouse/distribution buildings that are linked by a common walkway and contain an aggregate of approximately 300,500 square feet on an approximately 16.3-acre parcel of land. At the time of sale, the facility was net leased to Bay Valley Foods LLC through June 2015. Lexington Strategic Asset Corp. is a specialty real estate company externally advised by a subsidiary of Lexington Corporate Properties Trust. ...