Dec
03

456,304 sf Blue Cross/Blue Shield Building in Columbia, SC Sold

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Lexington Realty Trust, a real estate investment trust (REIT) focused on single-tenant real estate investments, announced that it sold a 456,304 square foot office facility located in Columbia, South Carolina for gross proceeds of approximately $36.5 million. The single tenant building is leased to Blue Cross/Blue Shield of South Carolina, Inc. through September 30, 2010. The property was encumbered by a first mortgage with a balance of approximately $22.7 million which was satisfied at closing.

Lexington held a 40% interest in the property, which was built in 1999 and is situated on 46.82 acres.

LINK TO THE NEWS RELEASE:
http://www.snl.com/irweblinkx/file.aspx?IID=103128&FID=8701158
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