Exhibit 3.5



                      LEXINGTON CORPORATE PROPERTIES TRUST

                             ARTICLES SUPPLEMENTARY

                   RECLASSIFYING REACQUIRED AND UNISSUED STOCK

         LEXINGTON CORPORATE PROPERTIES TRUST, a Maryland statutory real estate
investment trust, having its principal office in Baltimore City, Maryland (the
"Trust"), hereby certifies to the State Department of Assessments and Taxation
of Maryland that:

         FIRST: Pursuant to the authority expressly vested in the Board of
Trustees of the Trust by Article VI of the Declaration of Trust, as amended to
date (the "Declaration"), and in accordance with Section 8-203 of the Maryland
REIT Law, the Board of Trustees has adopted a resolution (i) duly reclassifying
2,000,000 authorized and previously issued (but now reacquired through
conversion thereof) shares of Class A Senior Cumulative Convertible Preferred
Stock, par value $.0001 per share, of the Trust (the "Class A Preferred Stock"),
into 2,000,000 shares of Preferred Stock, par value $.0001 per share, of the
Trust (the "Undesignated Preferred Stock"), subject to further classification or
reclassification and issuance by the Board of Trustees and (ii) duly
reclassifying 2,000,000 authorized and unissued shares of Excess Class A
Preferred Stock, par value $.0001 per share, of the Trust (the "Excess Class A
Stock"), into 2,000,000 shares of Excess Stock, par value $.0001 per share, of
the Trust (the "Excess Stock"), subject to further classification or
reclassification and issuance by the Board of Trustees.

         SECOND: The reclassification (i) increases the number of shares
classified as Undesignated Preferred Stock from 8,000,000 shares immediately
prior to the reclassification to 10,000,000 shares immediately after the
reclassification; (ii) decreases the number of shares classified as Class A
Preferred Stock from 2,000,000 shares immediately prior to the reclassification
to no shares immediately after the reclassification; (iii) increases the number
of shares classified as Excess Stock from 38,000,000 shares immediately prior to
the reclassification to 40,000,000 shares immediately after the
reclassification; and (iv) decreases the number of shares classified as Excess
Class A Stock from 2,000,000 shares immediately prior to the reclassification to
no shares immediately after the reclassification.

         THIRD: The terms of the Undesignated Preferred Stock and the Excess
Stock (including preferences, conversion or other rights, voting powers,
restrictions, limitations as to dividends, qualifications, or terms or
conditions of redemption) are set forth in the Declaration and are not changed
by these Articles Supplementary.



         IN WITNESS WHEREOF, LEXINGTON CORPORATE PROPERTIES TRUST has caused
these presents to be signed in its name and on its behalf by its President and
witnessed by its Secretary on June 17, 2003.

WITNESS:                                    LEXINGTON CORPORATE PROPERTIES TRUST

/s/ Paul R. Wood                            By:  /s/ T. Wilson Eglin
---------------------------                      -------------------------------
    Paul R. Wood, Secretary                        T. Wilson Eglin, President

         THE UNDERSIGNED, President of LEXINGTON CORPORATE PROPERTIES TRUST, who
executed on behalf of the Trust the foregoing Articles Supplementary of which
this Certificate is made a part, hereby acknowledges in the name and on behalf
of said Trust the foregoing Articles Supplementary to be the trust act of said
Trust and hereby certifies that the matters and facts set forth herein with
respect to the authorization and approval thereof are true in all material
respects under the penalties of perjury.

                                                /s/ T. Wilson Eglin
                                                --------------------------------
                                                T. Wilson Eglin, President

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