Lexington gains 50,000 square feet

Distribution tenant holds long-term lease

Lexington Corporate Properties Trust acquired an approximately 50,000-square-foot office facility in Charleston, S.C., for a purchase price of nearly $10.5 million. The facility is a single-story building located on a 4.8-acre site. At the time of sale, the property was net-leased to Hagemeyer North America Inc. through July 8, 2020. The seller's identity was not disclosed. Lexington is a real estate investment trust that owns and manages office, industrial and retail properties nationwide. ...