INDT - Indus Realty Trust agrees to acquire industrial building in Greenville-Spartanburg

INDUS Realty Trust (NASDAQ:INDT) to acquire a to-be-constructed, ~280K square foot industrial/logistics building in Greenville-Spartanburg which is being developed on speculation by the seller. The Forward Acquisition is expected to be completed in the 2023 first quarter. Closing on the purchase of the Forward Acquisition is subject to a number of contingencies including the satisfactory completion of due diligence by INDUS. Currently, there can be no guarantee that the Forward Acquisition will be completed under its current terms, anticipated timeline, or at all.

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Indus Realty Trust agrees to acquire industrial building in Greenville-Spartanburg