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.
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