Lexington Realty Trust Sells $726 Million Office Portfolio as Focus Shifts to Single-Tenant, Net-Leased Industrial Properties
The 200,000-square-foot AvidExchange office building in Charlotte, North Carolina, was one of 21 Lexington Realty Trust sold to a new joint venture.
Lexington Realty Trust sold its majority ownership in a portfolio of 21 office buildings for $726 million to a joint venture with Davidson Kempner Capital Management LP as it transitions its focus to industrial property away from offices.
Lexington, which will retain a 20 percent interest in the…
