Lexington Corporate Properties Trust acquired a 77,484-square-foot office facility in Redmond, Ore.

The value of the transaction was $16.4 million.

The property is a newly constructed office/customer care center situated on a 13.1-acre site. The property is net leased to a subsidiary of T-Mobile USA through Jan. 31, 2019.

The identity of the seller was not disclosed.

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

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Connect Now is TODAY! Join top producers as we discuss how to position your business for success in 2021.Click here to register×