Lexington Corporate Properties Trust, New York, has agreed to sell 2.5 million shares of common stock at a discount from the stock's recent closing price, for net proceeds of approximately $60.75 million.The net proceeds of $24.36 per share represents a 3.295% discount from the July 12 closing price of $25.19 on the New York Stock Exchange, the real estate investment trust said. The offering is being underwritten by Wachovia Securities, and shares will be offered only via a prospectus supplement. The REIT can be found online at http://www.lxp.com.
Processing Content
