A joint venture investment program of Lexington Corporate Properties Trust acquired a 649,250-square-foot distribution facility in Streetsboro, Ohio.
The value of the transaction was approximately $28.9 million.
The property is a newly constructed building on a 58-acre site.
The property is net-leased to L’Oreal USA S/D Inc. for 15 years and two months.
Lexington Corporate Properties Trust is a real estate investment trust that owns and manages office, industrial and retail properties.
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