Wyndham Vacation Ownership and Lexington Realty Trust Announce New Lease at Sea Harbor Office Center in Orlando, Fla

ORLANDO, Fla., and NEW YORK, Jan. 6, 2012 /PRNewswire/ -- Wyndham Vacation Ownership (WVO), a member of the Wyndham Worldwide family of companies (NYSE:WYN), and Lexington Realty Trust (NYSE:LXP) announced today that Wyndham Vacation Ownership has leased, with a 12-year term, more than 230,000 square feet of space at Sea Harbor Office Center, which is located at 6277 Sea Harbor Drive in Orlando, Fla., and owned by an affiliate of Lexington Realty Trust.    

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Sea Harbor Office Center consists of an eight-story office building containing approximately 356,000 rentable square feet and a five-story parking garage; it is anticipated WVO will occupy six floors of the building.  Sea Harbor Office Center is a premier class "A" office facility, which will include a fitness center, a renovated, full-service cafeteria with outdoor seating and other first-class amenities.

While WVO is currently developing the construction and occupancy timelines and other unique workspace requirements, the new building will allow WVO to redesign its Orlando campus environment and consolidate all of its associates into one single location. It is also anticipated that the move will enable WVO to increase efficiencies, and support the culture and its core values including a strong commitment to sustainability and responsible environmental practices. WVO will seek LEED Gold Certification, having previously achieved LEED Silver Certification here in Orlando.

T. Wilson Eglin, Chief Executive Officer and President of Lexington, remarked "We are pleased to welcome such a high quality tenant such as Wyndham Vacation Ownership to Sea Harbor Office Center.  In conjunction with this lease execution, we will be commencing a comprehensive renovation of Sea Harbor Office Center consisting of a new, energy efficient HVAC system, new entry canopy and lobby, new bathrooms/core areas for every floor, enhanced access from Sea Harbor Drive, new monument signs and enhanced landscaping.  This lease represents another significant achievement for Lexington in repositioning a building that was previously 100% leased to a single tenant."

"Creating an environment where our associates want to work, and stay, is of the utmost importance to us," said Franz Hanning, President and CEO of Wyndham Vacation Ownership. "In partnering with Lexington we were able to find the best location for our new WVO headquarters, one which we are confident will not only enable us to increase productivity and enhance well-being, but allow us to create a space that is truly reflective of our culture and what we do — which is providing memorable, world-class vacations to our owners and guests for years to come."

Lexington was represented by David Chapin of Jones Lang LaSalle. Wyndham Vacation Ownership was represented by John Wanamaker of Coldwell Banker Commercial AI Group.

ABOUT WYNDHAM VACATION OWNERSHIP

Wyndham Vacation Ownership, a member of the Wyndham Worldwide (NYSE: WYN) family of companies, is the world's largest vacation ownership business, as measured by the number of vacation ownership resorts, individual vacation ownership units and owners of vacation ownership interests.  Wyndham Vacation Ownership develops, markets and sells vacation ownership interests and provides consumer financing to owners through its three primary consumer brands, CLUB WYNDHAM®, WorldMark by Wyndham, and Wyndham Vacation Resorts Asia Pacific.  As of December 31, 2010, Wyndham Vacation Ownership had developed or acquired more than 160 vacation ownership resorts throughout the United States, Canada, Mexico, the Caribbean and the South Pacific that represent approximately 20,500 individual vacation ownership units and more than 800,000 owners of vacation ownership interests. Wyndham Vacation Ownership is headquartered in Orlando, Fla., and is supported by approximately 13,300 employees globally.  For more information about Wyndham Worldwide, please visit www.wyndhamworldwide.com.

ABOUT LEXINGTON REALTY TRUST

Lexington Realty Trust is a real estate investment trust that owns, invests in and manages single-tenant office, industrial and retail properties leased to major corporations throughout the United States.  Lexington also provides investment advisory and asset management services to investors in the single-tenant area. Lexington's common shares are traded on the New York Stock Exchange under the symbol "LXP". Additional information about Lexington is available on-line at www.lxp.com or by contacting Lexington Realty Trust, Investor Relations, One Penn Plaza, Suite 4015, New York, New York 10119-4015.

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.

SOURCE Lexington Realty Trust