Exhibit 99.2
Press Release

Lexington Corporate Properties Trust Acquires Net 1 L.P. and Net 2 L.P.

NEW YORK, Nov. 29 /PRNewswire/ -- Lexington Corporate Properties Trust (NYSE:
LXP - news; "Lexington"), a real estate investment trust, today announced that
it has acquired Net 1 L.P. and Net 2 L.P. (the "Net Partnerships"), in a merger
transaction valued at approximately $136.8 million, following approval of the
merger by Lexington's shareholders at yesterday's special meeting. The limited
partners of the Net Partnerships had previously consented to the merger.

The Net Partnerships own twenty-three properties in thirteen states, which
generate annualized net revenues of approximately $14.9 million. The properties
have a remaining weighted average lease term of approximately 9.1 years and are
net-leased to eighteen tenants, including Hewlett Packard, Nextel Finance
Company, Cox Communications, Inc., and Wal Mart Stores, Inc.

In connection with the transaction, Lexington assumed approximately $72.9
million of mortgage financing with a weighted average interest rate of 7.5% and
will issue 2,144,000 common shares, 45,000 operating partnership units and $31.6
million of cash. The common share and operating partnership unit issue price was
$14.49 per share, which equals the average of Lexington's common share closing
price for the previous twenty trading days prior to the effective date of the
merger. Lexington will satisfy the cash portion of the transaction and retire
$9.9 million in assumed debt with cash balances and by drawing $36.5 million on
its unsecured credit line.

Comments From Management

T. Wilson Eglin, Lexington's President and Chief Operating Officer, said, "We
are very pleased to announce the closing of a large acquisition that complements
our portfolio diversification, adds tenants in new business lines and increases
our cash available for distribution. Including this acquisition, we have
increased our equity base by approximately $100 million in 2001. This balance
sheet strength gives us the financial flexibility to take advantage of favorable
acquisition opportunities as they arise." Lexington Corporate Properties Trust
is a real estate investment trust that owns and manages office, industrial and
retail properties net leased to major corporations throughout the United States.
Lexington Realty Advisors, Inc., an affiliate of Lexington, provides investment
advisory and asset management services to investors in the net lease area.
Lexington common shares closed Wednesday, November 28, 2001 at $14.75 per share.
Lexington's current annualized dividend is $1.28 per share and it has
approximately 31.8 million convertible preferred shares, common shares and
operating partnership units outstanding, including the common shares and
operating partnership units to be issued in the Net Partnership acquisition.
Additional information about Lexington is available at www.lxp.com .







This release contains certain forward-looking statements which involve known and
unknown risks, uncertainties or other factors not under the Company's control
which may cause actual results, performance or achievements of the Company to be
materially different from the results, performance, or other expectations
implied by these forward-looking statements. These factors include, but are not
limited to, those detailed in the Company's periodic filings with the Securities
and Exchange Commission.