February.

Lexington acquired twenty-one of the properties for approximately $ 490 million with the remaining six acquired by affiliated joint venture programs. The assets, which are located in 10 states, are mostly class A, single-tenant assets with investment-grade credit ratings. They range in size from an 81,859-sf asset whose major tenant is AT&T Wireless in Harrisburg, PA to a 701,819-sf property in Millington, TN that is home to Ingram Micro.

Eastdil Realty represented Wells. Lexington common shares closed Wednesday, April 13 at $22.35 per share. Lexington pays an annualized dividend of $ 1.44 per share.

Lexington arranged to obtain $558.3 million of non-recourse first mortgage loans from JPMorgan Chase Bank, secured by individual first mortgages on each of the properties and on five other assets Lexington presently owns. Thirty-one loans, with an aggregate original principal amount of $540.7 million, will bear interest at a weighted average fixed rate of 5.2%. The remaining loan, with an original principal amount of $17.6 million, will bear interest at a floating rate. The balance of the purchase price is expected to come from equity commitments of existing joint venture partners (approximately $73.6 million) and cash balances (approximately $154.1 million).