L.A. office building sold to REIT

Lexington Corporate Properties Trust purchased an 83,252-square-foot office facility in Los Angeles, Calif.

The value of the transaction was approximately $17.9 million.

The facility is a single-story office/flex building located on a 4.4-acre site. Playboy Enterprises Inc. leases 63,049 square feet of space in the facility through October 2012. Sony Electronics Inc. leases 20,203 square feet of space in the facility through August 2009.

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

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