Indus Provides Mid-Year Update on 2025 Portfolio Activity

By: INDUS Realty Trust, Inc. via Business Wire

July 16, 2025 at 09:00 AM EDT

INDUS Realty Trust, Inc. (“INDUS” or the “Company”), a U.S.-based logistics real estate business, provided a mid-year update on the Company’s 2025 acquisition, development and leasing activity. INDUS owns or has majority ownership of 77 properties and projects under development aggregating 14.0 million square feet. This reflects a 92.2% increase in INDUS’ portfolio since the start of 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250716527634/en/

Shawnee Ridge Acquisition, Atlanta, GA

2025 Year-To-Date Highlights

Achieved blended cash leasing spreads of 47.5% on YTD 2025 leases.
Signed 11 new and renewal leases totaling 853,000 square feet.
Acquired a 356,000 square foot building in Atlanta, GA in June 2025.
Acquired a 105 acre land site to support the development of 1.1 million square feet in Nashville, TN.
Delivered five buildings totaling 1.1 million square feet including two buildings in Atlanta, GA, two in Savannah, GA and one in the Lehigh Valley, PA markets.
As of June 2025, 83.5% of INDUS’ portfolio has LED lighting.

“Our leasing success in 2025 to date underscores our portfolio’s resiliency and ability to thrive despite the challenges posed by tariffs and economic uncertainty,” said Michael Gamzon, President and CEO of INDUS. “Our results reflect the strength of the industrial real estate sector and our dedication to offering strategically positioned, high-quality spaces that support the growth and success of our tenants.”

Since the start of 2025, INDUS has grown its portfolio through the acquisition and development of six buildings totaling 1.5 million square feet. Additionally, INDUS has increased its future development pipeline which now encompasses ten buildings totaling an additional 2.4 million square feet in markets including Nashville, Orlando, Savannah and Lehigh Valley. “We have made significant progress in expanding our footprint, particularly in high-growth Southeastern markets such as Atlanta and Nashville,” said Mr. Gamzon. “With the support of our investors, Centerbridge, GIC, and ADIA, we are well-positioned to achieve our long-term growth objectives through strategic acquisitions, developments, and investments in our target markets.”

About INDUS Realty Trust, Inc.

INDUS is a real estate business principally engaged in developing, acquiring, managing, and leasing industrial properties. As of June 2025, INDUS owns or has majority ownership in properties and projects under development aggregating 14.0 million square feet. INDUS is owned by affiliates of Centerbridge Partners, L.P., a global private investment firm with deep experience in real estate, and GIC, a global institutional investor. Additionally, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) is a strategic investor alongside Centerbridge in the ownership of INDUS. For more information, please visit our website at www.indusrt.com.