A Lexington joint venture has expansion plans. For additionalinformation, go to Lexington Expands JV.

Both properties are net leased to Invensys Systems, Inc. throughJuly 1 2015 and 2014 respectively. The transaction includes theassumption of $39.1 million in first mortgages.

Since Thanksgiving, there has been a rash of deals for fullyleased properties going to REITs and other investors. NationalOffice Partners picked up Wellesley Gateway for $70 million justbefore the holiday, Oasis Development acquired a 12-asset suburbanBoston portfolio for $157 million, and Everest Partners scored sixbuildings from three different sellers two weeks ago.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.