Lexington lands Alabama warehouse

Lexington Corporate Properties Trust acquired a 595,346-square-foot distribution facility in Moody, Ala.

The value of the transaction was $11.5 million.

The newly constructed property is situated on a 42-acre site.

The property is net leased to TNT Logistics North America Inc. through Jan. 2, 2014.

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

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.