Lexington joint venture builds office portfolio

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Lexington Corporate Properties Trust today announced that one of its joint venture investment programs has acquired three properties in Houston, Texas. The total value of the transactions was $39.9 million. The properties, two three-story office buildings and a single-story service center, contain 218,641 square feet on a 19.4-acre site. The properties are net-leased to Veritas Geophysical Corp. through Sept. 30, 2015. 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....