INDT - INDUS Realty Trust buys industrial/logistics building in Charlotte for $42.0 million

INDUS Realty Trust (INDT) agrees to acquire an ~50% leased, 395,000 square foot industrial/logistics building in Charlotte, North Carolina, for $42.0 million."This acquisition complements our existing portfolio and development pipeline and offers additional upside as we pursue leasing opportunities for the balance of the building.”INDUS expects to close the deal by the end of Q2'21.Additionally, on June 1, 2021, INDUS agreed to sell ~670 acres of land in Granby and East Granby, Connecticut, which comprise the Connecticut Nursery Farm, for $10.3 million.Press Release

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INDUS Realty Trust buys industrial/logistics building in Charlotte for $42.0 million