The acquisition gives Lexington complete ownership of the JV'sinvestment program, which includes 15 single-tenant, net-leasedassets. The assets, which are located in 10 states throughout thecountry, are valued at $277.4 million.

The largest property in the portfolio is the 408,000-sf 736AddisonRd. in Erwin, NY. The property is leased by Corning Incthrough November 2016. The 2,985,145-sf portfolio also includes8900 Freeport Pkwy. in Irving, TX; 2050 Roanoke Rd. in Westlake,TX; 3600 Army Post Rd. in Des Moines; 9201 East Dry Creek Rd. inCentennial, CO; 275 Technology Dr, in Canonsburg, PA; 4455 AmericanWay in Baton Rouge, LA; 3711 San Gabriel in Mission, TX; 6050 DanaWay in Antioch, TN; 5350 Leavitt Rd. in Lorain, OH; 255 NorthgateDr. in Manteca, CA; 21082 Pioneer Plaza Dr. in Watertown, NY; 97Seneca Trail in Fairlea, WV; 12080 Carmel Mountain Rd. in SanDiego; and 1150 W. Carl Sandburg Dr. in Galesburg, IL.

Prior to this transaction, Lexington, which is headed by CEO T.Will Eglin, owned about 360 properties in 44 states and theNetherlands. The company's holdings increased significantly afterit acquired NewkirkRealty Trust in January.