{"id":1487,"date":"2020-12-20T19:43:30","date_gmt":"2020-12-21T01:43:30","guid":{"rendered":"https:\/\/1reason.com\/re\/lexington-realty-trust-announces-sale-of-dow-chemical-office-property\/1487\/"},"modified":"2020-12-21T13:43:30","modified_gmt":"2020-12-21T19:43:30","slug":"lexington-realty-trust-announces-sale-of-dow-chemical-office-property","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/lexington-realty-trust-announces-sale-of-dow-chemical-office-property\/1487\/","title":{"rendered":"Lexington Realty Trust Announces Sale Of Dow Chemical Office Property"},"content":{"rendered":"<div> In connection with the sale, Lexington anticipates it will recognize a $57 million gain on the sale.  <\/p>\n<p align=\"justify\">In addition, Lexington acquired a 201,784 square foot warehouse\/distribution facility on 48 acres in a logistics submarket of Phoenix, Arizona for $88 million. The facility is 100% leased to a leading e-commerce company through March 2033.<\/p>\n<p align=\"center\"><strong>ABOUT LEXINGTON REALTY TRUST<\/strong><\/p>\n<p align=\"justify\">Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions, development projects and other transactions, including acquisitions. For more information or to follow Lexington on social media, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IIIqOTjAxX45I0Pv-SwfMYgLiyrlPwSSBcoLDlx-1MQWU-0EZYrfBazIPjn_SxrD8zWGJzw9xv4QXmY6TTb7ZA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"www.lxp.com\">www.lxp.com<\/a>.<\/p>\n<p align=\"justify\">Contact:<br \/>Investor or Media Inquiries for Lexington Realty Trust:<br \/>Beth Boulerice, Chief Financial Officer<br \/>Lexington Realty Trust<br \/>Phone: (212) 692-7200 E-mail: hgentry@lxp.com<\/p>\n<p><img loading=\"lazy\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" width=\"1\" height=\"1\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/release\/track\/bfb33406-19bd-4ee4-b6ed-eab5540b29ba\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"justify\">NEW YORK, Nov. 11, 2020 (GLOBE NEWSWIRE) &#8212; Lexington Realty Trust (NYSE:LXP) (\u201cLexington\u201d), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it sold its interest in the Lake Jackson, Texas office property leased to Dow Chemical for $192 million, including the assumption by the buyer of the first mortgage loan secured by the property, which had an unpaid principal balance of $179 million.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1487"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=1487"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1487\/revisions"}],"predecessor-version":[{"id":1489,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1487\/revisions\/1489"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=1487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=1487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=1487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}