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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…

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