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Lexington, Newkirk Merger Closes

NEW YORK CITY-The combined company will now be known as Lexington Realty Trust and has a portfolio that includes more than 360 properties.

By Katie Hinderer | Updated on January 03, 2007

NEW YORK CITY-Lexington Corporate Properties Trust and Newkirk Realty Trust Inc. have completed the merger of the companies. The new real estate firm will be known as Lexington Realty Trust and will be headquartered here.

GlobeSt.com first reported the merger in July, at which point the boards of both companies approved the transaction. Shareholders for both firms cast their votes in favor of the merger in late November.Lexington now owns more than 360 properties in 44 states and the Netherlands, this comes to a total of 58.6 million sf of net rentable space.

“We have worked closely with Newkirk since the merger was announced to prepare for the combination of the two companies,” says CEO T. Wilson Eglin, in a statement. “Now that the merger is complete, we expect a smooth and rapid integration of the two companies.”

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