Lexington joint venture builds office portfolio

Lexington Corporate Properties Trust today announced that one of its joint venture investment programs has acquired three properties in Houston, Texas.

The total value of the transactions was $39.9 million.

The properties, two three-story office buildings and a single-story service center, contain 218,641 square feet on a 19.4-acre site.

The properties are net-leased to Veritas Geophysical Corp. through Sept. 30, 2015.

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

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