Joint venture lands Tennessee warehouse

A recently formed joint venture investment program of Lexington Corporate Properties Trust acquired a 677,400-square-foot distribution facility in Antioch, Tenn.

The value of the transaction was $25.4 million.

The property, a distribution facility constructed in 1999 on 55.6 acres, is net-leased to Dana Corp. through October 2021.

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

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