Lexington lands T-Mobile property

Lexington Corporate Properties Trust acquired a 77,484-square-foot office facility in Redmond, Ore.

The value of the transaction was $16.4 million.

The property is a newly constructed office/customer care center situated on a 13.1-acre site. The property is net leased to a subsidiary of T-Mobile USA through Jan. 31, 2019.

The identity of the seller was not disclosed.

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

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