As a fully integrated, privately held real estate company, INDUS specializes in developing, acquiring, managing, and leasing best-in-class logistics properties in key U.S. distribution markets.
We own and operate a diversified portfolio designed to meet evolving supply chain demands.
Targeted Growth and Diversification
INDUS pursues selective expansion through targeted acquisitions and developments in both existing and new high-growth markets, with a goal to increase portfolio square footage and enhance our position in the logistics real estate sector.
We prioritize high-growth, supply-constrained markets with strong economies, expanding populations, and proximity to major transportation hubs.
Our properties are designed for operational efficiency and sustainability, creating long-term value for tenants and communities.
We focus on mid-sized logistics properties (100,000 – 600,000 SF) designed for flexible single or multi-tenant use with market-appropriate features.
We employ joint ventures to enhance market penetration, capitalize on opportunities, and drive growth through shared resources.
We target markets with strong long-term value appreciation and above-average rent growth, focusing on infill sites near urban centers that offer optimal transportation access and alignment with tenant needs.
INDUS has its roots in a century-long tradition, evolving from tobacco cultivation to becoming a leader in industrial real estate, driving selective growth in high-demand markets.
The Cullman family forms United Cigar Manufacturers Company, launching its tobacco operations in Connecticut’s River Valley - where Martin Luther King Jr. spent summers while attending Morehouse College, an experience that helped shape his views on equality.
Edgar Cullman leads the acquisition of General Cigar Company, expanding the family’s cigar business - including brands such as Macanudo, Partagas, White Owl, and Garcia & Vega.
General Cigar acquires the wrapper tobacco and nursery operations of American Sumatra Tobacco Corporation (later Imperial Nurseries), growing its land holdings to over 6,000 acres.
Culbro Corporation establishes Culbro Land Resources in 1976 and begins development of New England Tradeport in East Granby and Windsor, CT, with the construction of its first warehouse in 1978.
Culbro Land Resources splits into two entities: General Cigar Holdings continues its cigar operations, while Griffin Land & Nurseries, Inc. becomes a public company managing 433,000 SF of commercial/industrial assets plus extensive agricultural holdings.
Griffin divests its nursery business and rebrands as Griffin Industrial Realty to focus on its industrial/warehouse assets.
The company expands outside Connecticut, first entering the Lehigh Valley, PA, followed by growth into the Carolinas, Florida, and other key U.S. logistics markets.
Griffin converts to a REIT and rebrands as INDUS Realty Trust, Inc., emphasizing a logistics-focused growth strategy in select markets.
INDUS is acquired by Centerbridge Partners and GIC for $868 million, marking a new phase of its growth.
