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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 ....

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INDUS Announces Fiscal 2021 First Quarter Earnings Call

INDUS Announces Fiscal 2021 First Quarter Earnings Call
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INDUS Announces Fiscal 2021 First Quarter Earnings Call

INDUS Announces Fiscal 2021 First Quarter Earnings Call
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INDUS Announces Fiscal 2021 First Quarter Leasing, Acquisition, Development and Disposition Updates

INDUS Announces Fiscal 2021 First Quarter Leasing, Acquisition, Development and Disposition Updates
NEW YORK, April 13, 2021 (GLOBE NEWSWIRE)
INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”) announced the following updates on leasing, its acquisition and development pipeline, its potential dispositions and the impact of the COVID-19 pandemic on the Company’s rent collections:
Highlights
Signed approximately 202,000 square feet of first generation leases on in-service industrial/logistics portfolio bringing industrial/logistics portfolio to 99.2% leased as of March 31, 2021; subsequently increased to 99.4% leased
Signed a fifteen-year lease agreement and development agreement with Amazon for an approximately 141,000 square foot build-to-suit industrial/logistics building on the Company’s land parcel on Old Statesville Road in Charlotte, North Carolina ....

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