Griffin Industrial Realty, Inc. is now INDUS Realty Trust, Inc.

Griffin Announces Fiscal 2019 1st Quarter Leasing

March 12, 2019

NEW YORK, NEW YORK (March 12, 2019) Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (“Griffin”) announced that it leased approximately 7,000 square feet of previously vacant office/flex space in the three months ended February 28, 2019 (the “2019 first quarter”). As of February 28, 2019, Griffin’s twenty-five industrial/warehouse buildings aggregating approximately 3,645,000 square feet (89% of Griffin’s total portfolio) were 95% leased. Industrial/warehouse vacancy includes an approximately 134,000 square foot building in the Lehigh Valley of Pennsylvania that was built on speculation and completed in the fiscal 2018 fourth quarter. Griffin’s office/flex portfolio of approximately 433,000 square feet was 74% leased as of February 28, 2019. Griffin’s total real estate portfolio of approximately 4,078,000 square feet was 93% leased as of February 28, 2019 (96% leased excluding the recently completed 134,000 square foot Lehigh Valley industrial/warehouse building).

Contact:

Anthony Galici
Chief Financial Officer
(860) 286‐7660