Lexington Realty Trust, New York, has priced an offering of 3 million shares of its common shares of beneficial interest at $14 per share. The real estate investment trust said it expects to use the net proceeds of approximately $41 million to repurchase some of its outstanding debt securities. The underwriters -- Wachovia Securities and Keefe, Bruyette & Woods -- have been given an option to buy up to 450,000 additional shares to cover any overallotments. The industrial and retail REIT can be found online at http://www.lxp.com.
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