A Lexington joint venture has expansion plans. For additional information, go to Lexington Expands JV.
Both properties are net leased to Invensys Systems, Inc. through July 1 2015 and 2014 respectively. The transaction includes the assumption of $39.1 million in first mortgages.
Since Thanksgiving, there has been a rash of deals for fully leased properties going to REITs and other investors. National Office Partners picked up Wellesley Gateway for $70 million just before the holiday, Oasis Development acquired a 12-asset suburban Boston portfolio for $157 million, and Everest Partners scored six buildings from three different sellers two weeks ago.
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