Lexington lands Alabama warehouse

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Lexington Corporate Properties Trust acquired a 595,346-square-foot distribution facility in Moody, Ala. The value of the transaction was $11.5 million. The newly constructed property is situated on a 42-acre site. The property is net leased to TNT Logistics North America Inc. through Jan. 2, 2014. 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....