Lexington joint venture buys distribution space

Cosmetics co. holds long-term lease

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A joint venture investment program of Lexington Corporate Properties Trust acquired a 649,250-square-foot distribution facility in Streetsboro, Ohio. The value of the transaction was approximately $28.9 million. The property is a newly constructed building on a 58-acre site. The property is net-leased to L'Oreal USA S/D Inc. for 15 years and two months. 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....