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                                        RE: LEXINGTON CORPORATE PROPERTIES TRUST
                                                                  ONE PENN PLAZA
                                                                      SUITE 4015
                                                              NEW YORK, NY 10119
FOR FURTHER INFORMATION:

AT THE COMPANY:                         AT FINANCIAL RELATIONS BOARD:
Patrick Carroll                         Diane Hettwer            Tim Grace
Chief Financial Officer                 Analyst Inquiries        Media Inquiries
(212) 692-7200                          (312) 640-6760           (312) 640-6667

FOR IMMEDIATE RELEASE
WEDNESDAY, APRIL 13, 2005

                      LEXINGTON CORPORATE PROPERTIES TRUST
            ANNOUNCES CLOSING OF $786.0 MILLION PORTFOLIO ACQUISITION

New York, NY - April 13, 2005 - Lexington Corporate Properties Trust (NYSE:LXP)
("Lexington"), a real estate investment trust, today announced that it has
closed on the acquisition of a portfolio of twenty-seven properties from
affiliates of Wells Real Estate Investment Trust, Inc. and Wells-affiliated
joint venture partners for an aggregate purchase price of approximately $786.0
million. Lexington acquired twenty-one of the properties for approximately
$490.0 million with the remaining six acquired by affiliated joint venture
programs. A description of the portfolio, the financing used to acquire the
portfolio and a detailed list of the properties was attached to Lexington's
February 28, 2005 press release.

About Lexington

Lexington is a real estate investment trust that owns and manages office,
industrial and retail properties net-leased to major corporations throughout the
United States and provides investment advisory and asset management services to
investors in the net lease area. Lexington common shares closed Wednesday, April
13, 2005 at $22.35 per share. Lexington pays an annualized dividend of $1.44 per
share. 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 Lexington's control
which may cause actual results, performance or achievements of Lexington 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 factors and risks detailed in Lexington's periodic filings
with the Securities and Exchange Commission. Lexington undertakes no obligation
to publicly release the results of any revisions to those forward-looking
statements which may be made to reflect events or circumstances after the
occurrence of unanticipated events. Accordingly, there is no assurance that
Lexington's expectations will be realized.




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