LXP Industrial Trust Announces $175 Million Sale of Development Projects in Central Florida and Indianapolis Markets
LXP Industrial Trust (NYSE:LXP), a REIT specializing in Class A warehouse and distribution properties, has completed the sale of two vacant development projects for $175 million. The properties, totaling 2,138,640 square feet, are located in Ocala, Florida and Indianapolis, Indiana.
The transaction, which closed on September 30, 2025, represents a 20% premium ($29 million) above the properties' gross book value as of June 30, 2025. LXP anticipates receiving net proceeds of $151 million after deductions, which will be allocated towards debt repayment and general corporate purposes.
LXP Industrial Trust (NYSE:LXP), un REIT specializzato in immobili logistici di Classe A destinati a magazzino e distribuzione, ha completato la vendita di due progetti di sviluppo vuoti per $175 milioni. Le proprietà, per un totale di 2.138.640 piedi quadrati, si trovano a Ocala, Florida e Indianapolis, Indiana.
La transazione, chiusa il 30 settembre 2025, rappresenta un premio del 20% ($29 milioni) rispetto al valore contabile lordo delle proprietà al 30 giugno 2025. LXP prevede di ricevere proventi netti di $151 milioni dopo detrazioni, che saranno destinati al rimborso del debito e a scopi generali aziendali.
LXP Industrial Trust (NYSE:LXP), un REIT especializado en propiedades de almacén y distribución de Clase A, ha completado la venta de dos proyectos de desarrollo vacíos por $175 millones. Las propiedades, que suman 2,138,640 pies cuadrados, se encuentran en Ocala, Florida y Indianapolis, Indiana.
La operación, cerrada el 30 de septiembre de 2025, representa una prima del 20% (29 millones de dólares) sobre el valor en libros bruto de las propiedades al 30 de junio de 2025. LXP anticipa recibir ganancias netas de $151 millones tras deducciones, las cuales se asignarán al pago de deudas y a propósitos corporativos generales.
LXP Industrial Trust (NYSE:LXP) 는 Class A 창고 및 유통 부동산에 특화된 REIT로, 다가구 개발 프로젝트 두 곳의 비어 있는 상태 매각을 $175 백만에 완료했습니다. 총 면적은 2,138,640 평방피트이며, 위치는 플로리다주 오칼라와 인디애나주 인디애나폴리스입니다.
거래는 2025년 9월 30일에 마감되었으며, 2025년 6월 30일 기준 총 장부 가치 대비 20%($29 백만)의 프리미엄을 형성합니다. LXP는 공제 후 순 proceeds 151백만 달러를 받을 것으로 기대하며, 이는 부채 상환 및 일반 기업 목적에 사용할 예정입니다.
LXP Industrial Trust (NYSE:LXP), un REIT spécialisé dans les propriétés d’entrepôt et de distribution de classe A, a finalisé la vente de deux projets de développement vacants pour $175 millions. Les propriétés, totalisant 2 138 640 pieds carrés, se trouvent à Ocala, en Floride, et à Indianapolis, dans l’Indiana.
La transaction, clôturée le 30 septembre 2025, représente une prime de 20% (29 millions de dollars) au-delà de la valeur brute comptable des propriétés au 30 juin 2025. LXP anticipe recevoir des produits nets de 151 millions de dollars après déductions, qui seront affectés au remboursement de la dette et à des usages généraux de l’entreprise.
LXP Industrial Trust (NYSE:LXP), eine REIT, die sich auf Class-A-Lager- und Vertriebsimmobilien spezialisiert hat, hat den Verkauf von zwei ungenutzten Entwicklungsprojekten für $175 Millionen abgeschlossen. Die Immobilien mit insgesamt 2.138.640 Quadratfuß befinden sich in Ocala, Florida und Indianapolis, Indiana.
Die Transaktion, die am 30. September 2025 abgeschlossen wurde, entspricht einer Prämie von 20% ($29 Millionen) gegenüber dem Brutto-Buchwert der Immobilien zum 30. Juni 2025. LXP geht davon aus, nach Abzügen Nettoerlöse von $151 Millionen zu erhalten, die für die Schuldentilgung und allgemeine Unternehmenszwecke verwendet werden.
LXP Industrial Trust (NYSE:LXP)، وهو صندوق استثمار عقاري (REIT) يختص بممتلكات التخزين والتوزيع من الفئة A، أكمل بيع مشروعين تطويريين شاغرين مقابل $175 مليون. تبلغ المساحات الإجمالية للممتلكات 2,138,640 قدمًا مربعًا، وتقع في أوكالا، فلوريدا وفي إنديانابوليس، إنديانا.
أنهت الصفقة في 30 سبتمبر 2025 وتُظهر هامشًا قدره 20% (29 مليون دولار) فوق صافي قيمة الدفاتر الإجمالية للممتلكات حتى 30 يونيو 2025. وتتوقع LXP الحصول على صافي عوائد قدره 151 مليون دولار بعد الخصومات، والتي سيتم تخصيصها لسداد الديون ولغايات عامة للشركة.
LXP Industrial Trust (NYSE:LXP)，是一家专注于甲级仓储和分销物业的REIT，已完成对两项空置开发项目的出售，金额为 $175 百分之百万。物业总面积为 2,138,640 平方英尺，位于佛罗里达州奥卡拉与印第安纳州印第安纳波利斯。
该交易于 2025 年 9 月 30 日完成，相较于 2025 年 6 月 30 日的物业毛账面价值，溢价为 20%（约 2900 万美元）。LXP 预计在扣除后获得 净 proceeds 1.51 亿美元，将用于偿还债务及公司的一般用途。
- Sale price represents a 20% premium ($29 million) over gross book value
- Significant net proceeds of $151 million to strengthen balance sheet
- Strategic monetization of vacant properties improving portfolio occupancy
- Reduction in total portfolio square footage by 2.1 million sq ft
- Loss of potential future leasing opportunities in key markets
WEST PALM BEACH, Fla., Oct. 01, 2025 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on Class A warehouse and distribution real estate investments, today announced the sale of two vacant development projects, totaling 2,138,640 square feet, located in Ocala, Florida and Indianapolis, Indiana for an aggregate gross price of
The gross sale price represents a
Please visit https://ir.lxp.com/events-and-presentations/presentations for more details on the transaction.
ABOUT LXP INDUSTRIAL TRUST
LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in 12 target markets across the Sunbelt and lower Midwest. LXP seeks to expand its warehouse and distribution portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions. For more information, including LXP's Quarterly Supplemental Information package, or to follow LXP on social media, visit www.lxp.com.
Contact:
Investor or Media Inquiries for LXP Industrial Trust:
Heather Gentry, Executive Vice President of Investor Relations
LXP Industrial Trust
Phone: (212) 692-7200 E-mail: hgentry@lxp.com
This release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this press release are forward-looking statements, including, but not limited to, statements regarding the use of proceeds from the sale. Such forward-looking statements involve known and unknown risks, uncertainties and other factors not under LXP's control which may cause actual results, performance or achievements of LXP to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those factors and risks detailed in LXP's periodic filings with the SEC. Except as required by law, LXP undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events.
FAQ
How much did LXP Industrial Trust sell its Florida and Indiana properties for?
What is the premium LXP received on the property sale compared to book value?
How will LXP use the proceeds from the $175M property sale?
What was the total square footage of the properties LXP sold in Florida and Indiana?
