Asset Management Success
Lexicon Commercial has concluded a transaction working closely with the owners of two industrial units at New York Industrial Park. Units 3 and 4 were leased on short unexpired terms but with differing timescales. The tenant of both units wished to acquire the service yard sited between the two properties. Lexicon renegotiated new 10 year leases on behalf of the two owners which ensured the yard could be used to accommodate a new temporary storage building, improving the efficiency of the site. The value of the interests of both landlords were significantly improved.