A recently formed joint venture investment program of Lexington Corporate Properties Trust acquired a 677,400-square-foot distribution facility in Antioch, Tenn.

The value of the transaction was $25.4 million.

The property, a distribution facility constructed in 1999 on 55.6 acres, is net-leased to Dana Corp. through October 2021.

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.

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
Leaders from across the industry answered our call to come to Inman Connect and share essential advice for leveling up your 2021.SEE THE SPEAKERS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription