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Lexington Completes $81M Houston Terminal Sale and Leaseback

HOUSTON—New York-based REIT will lease-back the 90 acres deep water terminal to current operators.

By David Phillips | Updated on April 10, 2013

HOUSTON—Lexington Realty Trust, a New York-based real estate investment trust (REIT) focused on single-tenant real estate investments, working through one of its wholly-owned subsidiaries, recently completed acquisition of a deepwater intermodal industrial terminal in Houston. Capitalized cost was approximately $81.4 million.

The facility includes 2,055 feet of deep water berths and existing structures encompassing 132,000 square feet on over 90 acres on the Houston Ship Channel.

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