The New York-based REIT didn't disclose the seller's identity. Lexington's affiliate obtained a $12.7-million loan commitment from an undisclosed lender for non-recourse first mortgage financing on the property. The loan will carry a fixed interest rate of 5.21% and mature in 10 years.
Lexington has been an active buyer in the metro marketplace. In April, the REIT paid Atlanta-based Wells Real Estate Investment Trust $786 million for a portfolio of 27 buildings totaling 5.1 million sf of office and industrial space, as GlobeSt.com previously reported.
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