Lexington Corporate Properties Trust acquired a 595,346-square-foot distribution facility in Moody, Ala.
The value of the transaction was $11.5 million.
The newly constructed property is situated on a 42-acre site.
The property is net leased to TNT Logistics North America Inc. through Jan. 2, 2014.
Lexington Corporate Properties Trust is a real estate investment trust that owns and manages office, industrial and retail properties.
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