MODESTO, CA-Lexington Corporate Properties Trust property is net-leasing the 146,000-sf builidng to Crown, Cork and Seal Inc., which is subleasing to PACCAN, Inc. The new lease, at a higher rate, commences September 26, 2001, when the current lease ends.
SAN FRANCISCO-The industrial REIT reporting a flat second quarter. The lack of earnings growth is mostly due to the company's investments in high technology and e-commerce, but also due to its relationship with Webvan Group Inc.
