NEW YORK, March 11, 2013 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) ("Lexington"), a real estate investment trust focused on single-tenant real estate investments, today announced that it has commenced an underwritten registered public offering of 15,000,000 common shares. In connection with the offering, Lexington intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 2,250,000 common shares. Lexington expects to use approximately $137.9 million of the net proceeds of the offering to repay all of the outstanding borrowings under its unsecured revolving credit facility and the balance for general corporate purposes, including, without limitation, unspecified acquisitions. BofA Merrill Lynch, Wells Fargo Securities, Jefferies and Barclays are acting as joint book-running managers for the offering. J.P. Morgan and KeyBanc Capital Markets are acting as co-lead managers. This offering will be made under Lexington's existing automatic shelf registration statement filed with the Securities and Exchange Commission. The offering of these securities will be made only by means of a prospectus and a related prospectus supplement, when available. The prospectus supplement related to this public offering will be filed with the Securities and Exchange Commission. Copies of the prospectus and related prospectus supplement may be obtained by contacting BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department or email firstname.lastname@example.org; Wells Fargo Securities Attention: Equity Syndicate Department, 375 Park Avenue, New York, N.Y., 10152, or by telephone toll free at (800) 326-5897 or by e-mail at email@example.com; Jefferies & Company, Inc., Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 12th Floor,New York, N.Y. 10022, or by telephone toll free at (877) 547-6340 or by email at Prospectus_Department@Jefferies.com; or Barclays, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717, or by calling 1-888-603-5847, or by email at firstname.lastname@example.org. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.