Lexington Corporate Properties Trust Acquires Facility Leased to Dana Corporation
22 Novembre 2004 - 12:00PM
PR Newswire (US)
Lexington Corporate Properties Trust Acquires Facility Leased to
Dana Corporation NEW YORK, Nov. 22 /PRNewswire-FirstCall/ --
Lexington Corporate Properties Trust (NYSE:LXP) ("Lexington") a
real estate investment trust, today announced that it has acquired
a distribution facility in Olive Branch, Mississippi for
approximately $7.0 million. Olive Branch, located in DeSoto County,
is approximately 23 miles southeast of Memphis, Tennessee and
approximately 15 miles southeast of the Memphis International
Airport. The facility is a single-story distribution center
containing approximately 168,104 square feet located on a 17.01
acre site. The facility is net-leased to Dana Corporation
(NYSE:DCN) through June, 2012. About Lexington Lexington is a real
estate investment trust that owns and manages office, industrial
and retail properties net-leased to major corporations throughout
the United States and provides investment advisory and asset
management services to investors in the net lease area. Lexington
common shares closed Friday, November 19, 2004, at $21.90 per
share. Lexington pays an annualized dividend of $1.40 per share.
Additional information about Lexington is available at
http://www.lxp.com/ . This release contains certain forward-looking
statements which involve known and unknown risks, uncertainties or
other factors not under Lexington's control which may cause actual
results, performance or achievements of Lexington to be materially
different from the results, performance, or other expectations
implied by these forward-looking statements. These factors include,
but are not limited to, those factors and risks detailed in
Lexington's periodic filings with the Securities and Exchange
Commission. Lexington undertakes no obligation to publicly release
the results of any revisions to those forward-looking statements
which may be made to reflect events or circumstances after the
occurrence of unanticipated events. Accordingly, there is no
assurance that Lexington's expectations will be realized.
DATASOURCE: Lexington Corporate Properties Trust CONTACT: Patrick
Carroll, Chief Financial Officer of Lexington Corporate Properties
Trust, +1-212-692-7200, Analyst Inquiries, Diane Hettwer,
+1-312-640-6760, or Media Inquiries, Tim Grace, +1-312-640-6667,
both of Financial Relations Board Web site: http://www.lxp.com/
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