Live Breaking News & Updates on Griffin Industrial Realty Inc

Stay updated with breaking news from Griffin industrial realty inc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

INDUS Announces Acquisition of Industrial/Logistics Building


INDUS Announces Acquisition of Industrial/Logistics Building
NEW YORK, May 13, 2021 (GLOBE NEWSWIRE)
INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”) announced today that it closed on the acquisition of a fully-leased 127,500 square foot industrial/logistics building in the Lehigh Valley, Pennsylvania market for a purchase price of $11.7 million before transaction costs. The Company used cash on hand to pay for this acquisition.
Michael Gamzon, President and Chief Executive Officer of INDUS commented, “We are thrilled to expand our presence in the core Lehigh Valley market with a building that is leased to a credit tenant. We believe this acquisition provides the opportunity to create significant value over time as the current in-place rent is below market and the excess land on the site provides options for potential future improvements. The building complements our existing 1.3 million square foot Lehigh Valley portfolio and is located ....

United States , North Carolina , Ashley Pizzo , Anthony Galici , Michael Gamzon , Realty Trust Inc , Griffin Industrial Realty Inc , Lehigh Valley , Chief Executive Officer , Ambassador Drive , Griffin Industrial Realty , ஒன்றுபட்டது மாநிலங்களில் , வடக்கு கரோலினா , ஆஷ்லே பிஸோ , ரியல்டீ நம்பிக்கை இன்க் , கிரிஃபின் தொழில்துறை ரியல்டீ இன்க் , லேஹி பள்ளத்தாக்கு , தலைமை நிர்வாகி அதிகாரி , தூதர் இயக்கி , கிரிஃபின் தொழில்துறை ரியல்டீ ,