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Lexington Realty Trust Pays $29.7 Million for Fully Leased Facility in Clark Street Technology Park

General Development, Friedman Integrated Real Estate Solutions Sell Recently Completed FCA Build-to-Suit
By Shavez Rogers
January 26, 2016 | 9:31 P.M.

Lexington Realty Trust (NYSE: LXP), a New York City-based umbrella partnership REIT, or UPREIT, that specializes in single-tenant real estate investments, completed its previously announced $29.7 million acquisition of the 190,000-square-foot industrial facility at 2860 Clark St. within the Clark Street Technology Park in Detroit, MI.

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