Lexington grows office portfolio

Expands in South, Northeast

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Lexington Corporate Properties Trust acquired three properties totaling 659,258 square feet in Massachusetts and Texas. The total value of the transactions was $53.9 million. The Chelmsford, Mass., property is a 100,000-square-foot, two-story office property constructed in 1985 on a 7-acre site. The property is net leased to Cadence Design Systems Inc. through Sept. 30, 2013. The purchase price was $12.1 million. The San Antonio, Texas, properties comprise a two-story office building containing 146,180 square feet and a distribution facility containing 413,078 square feet. Both properties are net leased to Harcourt Inc. through March 31, 2016. The purchase price was $41.8 million. 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....