As a privately held real estate company, INDUS develops, acquires, manages and leases modern, high-quality logistics properties across select U.S. markets.
We own and operate a diversified portfolio of well-located, flexibly designed logistics assets that support evolving supply-chain needs.
Targeted Growth and Diversification
INDUS pursues disciplined growth through a combination of acquisitions and development, selectively expanding in existing and new high-growth markets while building scale and maintaining a focus on high-quality logistics assets.
We prioritize high-growth, supply-constrained markets with strong local and regional economies, population growth, and access to major transportation infrastructure.
We create value through disciplined investment, development, leasing and asset management, with a focus on long-term portfolio performance and rent growth.
We focus on modern logistics properties ranging from 100,000–800,000+ SF, flexibly designed to support single- or multi-tenant use and evolving supply-chain needs.
We leverage joint ventures to expand market reach, increase investment capacity, and pursue strategic growth opportunities.
Since becoming privately held in 2023, INDUS has more than doubled the size of its logistics portfolio and expanded its presence in high-growth U.S. markets.
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.
