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McDONOUGH, GA-Lexington Corp. Properties Trust, through one of its joint venture programs, has purchased a 111,911-sf, single-story call center and office building here for $19.5 million or about $174.25 per sf. The building, on a 15.5-acre site, is net leased to Georgia Power Co. through June 2015. The property is about 40 miles southeast of Downtown Atlanta.

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 previously reported.

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