Lexington joint venture buys distribution space

A joint venture investment program of Lexington Corporate Properties Trust acquired a 649,250-square-foot distribution facility in Streetsboro, Ohio.

The value of the transaction was approximately $28.9 million.

The property is a newly constructed building on a 58-acre site.

The property is net-leased to L'Oreal USA S/D Inc. for 15 years and two months.

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

***

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.