Lincoln Property Company and the Webb Companies Sign Long-term Ground Lease for Prime 18-acre Site in Lexington, Ky

LEXINGTON, Ky.--(BUSINESS WIRE)--Lincoln Property Company (“LPC”) and The Webb Companies (“Webb”) are pleased to announce a long-term ground lease has been executed with Lexington Center Corporation on an 18-acre site across from Rupp Arena in Downtown Lexington. LPC and Webb were awarded the project after a competitive Request for Proposal process. LPC and Webb have plans for a mixed-use development encompassing multifamily, retail, hospitality, office, and a grocer, among other potential uses