DCN Dana Cp

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/

Copyright