We seek to be a leading logistics real estate company focused on select high-growth, supply-constrained markets that can satisfy the demand of ever-changing supply chain requirements.

We own well-located, flexibly designed industrial/logistics properties in markets that boast strong local and regional economies, with growing populations. We seek opportunities for acquisitions and developments of mid-sized industrial/logistics buildings, generally between 75,000 and 400,000 square feet. Within the mid-sized property range, we seek buildings that are generally suitable for one to three tenants and that have market-appropriate features that we believe will appeal to the widest variety of tenants in the market.

We intend to expand strategically and selectively into new geographic markets as we increase our presence from the

markets in which we operate today. We seek markets and/or submarkets that are supply-constrained or present significant barriers to entry and have a large and/or quickly growing population base and strong transportation infrastructure – whether that be roads, airports, rail or port access. Lastly, we seek to enter markets where we can acquire or develop several properties and achieve a critical mass of square footage.

Our major developments include our industrial parks, Landstar Logistics Center, Carolina Tradeport I and II, New England Tradeport, and Lehigh Valley Tradeport I and II. We also have land available for development by us or others for industrial use.


INDUS traces its roots to the early 1900s when the Cullman family became tobacco traders and growers of cigar leaf tobacco in Connecticut River Valley near Hartford, CT.


In 1961 the Cullman family, led by Edgar Cullman, acquired a controlling interest in the publicly-traded General Cigar Company, one of the leading cigar manufacturers in the United States. Over time it included brands such as Macanudo, Partagas, White Owl and Garcia & Vega.


In 1967, General Cigar acquired the Connecticut wrapper tobacco growing business and nursery operation of American Sumatra Tobacco Corporation. As a result of this acquisition, General Cigar had over 6,000 acres of land, changed its name to Culbro Corporation, and started its real estate and land development operations under the name Culbro Land Resources.


In 1976, Culbro Land Resources completed construction of its first office building and, in 1978, developed its first industrial building. Culbro Land Resources also started entitlements and development of residential subdivisions in the Connecticut River Valley.


In 1997, Culbro split itself into two separate entities, General Cigar Holdings, a pure-play cigar company that subsequently was sold to Swedish Match, and the newly formed public company, Griffin Land & Nurseries, Inc. At the time, Griffin had 433,000 square feet of commercial/industrial properties and several thousand acres of mostly agricultural land.


Griffin Land & Nurseries completed the acquisition of its first industrial property outside of Connecticut with the purchase of a 120,000 square foot warehouse at 871 Nestle Way as well as 50 acres of land for industrial development in the Lehigh Valley of Pennsylvania.


In January 2014, Griffin Land & Nurseries sold its landscape nursery business, Imperial Nurseries.


Griffin Land & Nurseries, Inc. was renamed Griffin Industrial Realty, Inc. to reflect the company's focus on managing and growing its industrial/warehouse property portfolio.


Griffin expanded its real estate holdings into Charlotte by acquiring 215 International Drive, a 277,000 square foot warehouse building in Concord, NC. Griffin subsequently acquired the 22 acre parcel next to the facility for the construction of two industrial/warehouse buildings aggregating 283,000 square feet.


Griffin Industrial Realty expands its portfolio to Orlando, FL with the purchase of a 100,000 square foot industrial/warehouse building at 7466 Chancellor Drive.


Griffin Industrial Realty, Inc. converts to a Real Estate Investment Trust (“REIT”) and changes its name to INDUS Realty Trust, Inc. to best align its corporate structure and branding with the company’s focus on maximizing stockholder value and strategically expanding its logistics portfolio in select markets.

Michael Gamzon

President & Chief Executive Officer

Mr. Gamzon joined the company in January 2008 as Executive Vice President. His experience includes corporate finance, strategy, private equity and public security investing. Prior to INDUS, he served as a senior analyst at both Alson Capital Partners, LLC, a New York investment firm, and at Cobalt Capital. He previously worked at SCP Private Equity Partners and at Donaldson Lufkin & Jenrette.

Mr. Gamzon received a B.A. from Yale University and an M.B.A. from the Harvard Business School.

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Jon Clark

Executive Vice President, Chief Financial Officer

Mr. Clark joined the company in September 2021 as Executive Vice President as part of the company’s succession plan for the Chief Financial Officer role. Prior to joining the company, Mr. Clark was the Chief Accounting Officer of Rockhill Management LLC, a Boston-based property management business. From March 2009 to March 2019, Mr. Clark was Chief Financial Officer and Treasurer of Gramercy Property Trust (“Gramercy”), a publicly traded real estate investment trust that owned industrial and office properties, acquired by Blackstone in late 2019. Mr. Clark was also Gramercy’s Corporate Controller from February 2007 to June 2009.

Mr. Clark received his Bachelor of Business Administration from Western Michigan University, a Masters in Accounting from the University of Massachusetts-Amherst and is a Certified Public Accountant.

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Thomas M. Lescalleet

Executive Vice President

Mr. Lescalleet joined the company in 2002 and has executive responsibility for the management of its portfolio, having 30+ years of experience in real estate development and management. Prior to INDUS, he was an EVP & Partner at The Codman Company, a Boston real estate company, and then prior the Managing Broker & Director of the Investment Properties Group at the Boston office of CB Commercial (now CBRE).

Mr. Lescalleet received a B.A. from the University of Vermont and a R.E. diploma from Boston University.

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Thomas M. Daniells

Senior Vice President, General Counsel & Secretary

Mr. Daniells joined INDUS in 2021, and oversees the company’s legal function. Mr. Daniells joined INDUS from Murtha Cullina LLP, where he served on the Executive Committee and chaired the firm’s Business and Finance Department. While at Murtha, he served as outside counsel to the company’s real estate business since INDUS became a public company in 1997, and over the course of his career he has advised numerous companies (both public and private) on a wide range of commercial and development transactions, governance, compliance and other legal matters. Prior to joining Murtha, Mr. Daniells owned a boutique real estate practice.

Mr. Daniells received a B.A. from Dartmouth College and a J.D. from Suffolk University School of Law.

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Scott Bosco

Senior Vice President, Construction & Development

Mr. Bosco is responsible for all new construction and development as well as building and tenant improvements. He joined the company in 2005, after spending 14 years with CASLE Corporation as its construction project manager.

Mr. Bosco received dual B.S. degrees from the University of Maine and an MBA from the University of Hartford.

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Dave Cocola

Vice President, Director of Property Management

Mr. Cocola joined the company in 2013. His career began at New Boston Management Services, Inc., where he opened its Hartford office in 1999 and managed its Greater Hartford and New Haven portfolio. He transitioned to KS Partners, LLC to continue managing a component of the portfolio upon its purchase.

Mr. Cocola holds a B.A. from Boston College and the Real Property Administrator (RPA) certification.

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Kelly Poudrette

Vice President, Chief Accounting Officer

Ms. Poudrette joined the Company in 2003 and has served as Vice President and Chief Accounting Officer since March 2023. Ms. Poudrette previously served as Vice President of Financial Reporting and since joining INDUS has held several management and senior management positions. Ms. Poudrette oversees accounting, financial reporting, preparation of SEC filings and tax compliance for the Company. Prior to joining INDUS, Ms. Poudrette served as the Assistant Director of Indemnity Reporting at CIGNA.

Ms. Poudrette received a B.S.in Accounting and an M.S. in Professional Accounting from the University of Hartford. Ms. Poudrette is a member of the American Institute of Certified Public Accountants and the Connecticut Society of Certified Public Accountants and is a Certified Public Accountant.

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Ashley Pizzo

Vice President, Capital Markets & Investor Relations

Ms. Pizzo joined the company in July 2020 and is responsible for INDUS's investor relations and capital raising efforts. Her experience includes ten years in finance and real estate, including two years in the Real Estate Gaming & Leisure investment banking group at Bank of America Merrill Lynch, as well as five years working across investments, capital markets and investor relations at Gramercy Property Trust, prior to its acquisition by Blackstone in late 2018.

Ms. Pizzo received a B.S. in Business Administration from Georgetown University.

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Andre Ciani

Director of Acquisitions

Mr. Ciani joined the company in August 2021 and is responsible for leading INDUS’s acquisitions efforts. Mr. Ciani joined us from Alto Real Estate where he served as Director of Acquisitions and sourced various ground-up industrial developments. Prior to that, Mr. Ciani was at Berkeley Partners, a real estate private equity firm that focuses on acquiring and managing industrial assets. While at Berkeley, Mr. Ciani helped the company increase its AUM from $50M to $1B, developing extensive experience in acquisitions, financing, asset management, leasing, and dispositions.

Mr. Ciani received a B.A. in Economics Magna Cum Laude from Columbia University.

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Andrew Albeck

Director of Acquisitions

Mr. Albeck joined the company in February 2022 and is responsible for expanding INDUS’s acquisitions efforts. Mr. Albeck joined the company from First Industrial Realty Trust where he helped the firm grow its portfolio in several target markets in the Mid-Atlantic region. Prior to joining First Industrial, Mr. Albeck worked for Exeter Property Group where he was responsible for the analysis and execution of Exeter’s debt financing strategy for their various U.S. fund vehicles. He began his real estate career with J.P. Morgan’s Global Real Assets group where he focused on the asset management of multifamily investments spanning several major markets in the eastern U.S.

Mr. Albeck received an M.B.A. from Drexel University and a bachelor’s degree in Economics from the University of Delaware. Upon graduation from the University of Delaware, Mr. Albeck served 5 years as an officer in the United States Marine Corps.

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Randy Gudauskas


Randy Gudauskas is responsible for directing INDUS's day-to-day real estate accounting and controllership functions. He joined the company in 1999 and has more than 20+ years of experience in public and private accounting. He joined INDUS from ESPN, where he was the Supervisor of Affiliate Revenue. He previously worked as Plan Controller for Aetna Health Plans of Florida.

Mr. Gudauskas holds a B.S. from Eastern Connecticut State University.

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Matthew Homa

Director of Internal Audit

Mr. Homa's responsibilities include providing assurance on the effectiveness of risk management and the strength of the internal control environment. He joined the company in 2007 and has over 25 years of experience in accounting, auditing and tax. Prior to INDUS, he served as a Senior Auditor for Eversource Energy, Financial Analyst for Gerber Scientific Products, Audit Consultant for Gerber Scientific, Inc. and Senior Auditor for Venman & Co., LLC.

Mr. Homa received a B. S. in Accounting from Sacred Heart University and a M.S. in Accounting and Taxation from the University of Hartford. Mr. Homa has achieved the designations of Certified Public Accountant, Certified Fraud Examiner and Certified Internal Auditor. He is a member of the American Institute of Certified Public Accountants (AICPA), Connecticut Society of Certified Public Accountants (CTCPA), Association of Certified Fraud Examiners (ACFE) and the Institute of Internal Auditors (IIA).

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