Developed by Duke in 2005, the three-story building is fullyleased to BMW Financial Services. The property is on a 16-acre siteat 5550 Britton Parkway, which is near I-270 in the Northwestmarket.

Dave Keller and Todd Armstrong with Holliday Fenoglio Fowler LParranged the 14, 5.9%, fixed-rate loan through Bank of America CMBSCapital Markets. The loan is timed to be due at the time BMW'slease expiration, and has a 10-year, interest only period and a30-year amortization schedule. Officials from the three companiescould not be reached for comment.

Earlier this month, Lexington announced its merger with NewkirkRealty Trust Inc. The REIT now has ownership interests inapproximately 365 properties, located in 44 states and TheNetherlands and containing an aggregate of approximately 58.6million net rentable square feet of space. In the city, the companyalso owns a Kroger market and a 120,000-sf office building leasedby the Cummins Engine Co.

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