Lexington buys North Carolina warehouse

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.

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.