A joint venture subsidiary of Lexington Corporate Properties Trust recently purchased a 125,293-square-foot office building in Herndon, Va.
The value of the transaction was approximately $21 million.
The property, a two-story office/date center facility, is situated on approximately 9 acres.
Equant Inc., owned by parent company France Telecom, holds a net lease on the property through April 30, 2015.
Lexington Corporate Properties Trust is a real estate investment trust.