NEW YORK, NEW YORK (July 24, 2024) INDUS Realty Trust, Inc. (“INDUS” or the “Company”), a U.S.-based logistics real estate business, announced that it recently completed the acquisition of a fully leased, 550,243 square foot Class A warehouse/distribution building in the Jacksonville, Florida market.
Completed in 2024, the cross-dock distribution center includes market-leading features such as 40-foot clear heights, 99 dock-high doors, and 175 trailer parking stalls. The building is located in the strongly performing Imeson submarket, just a few miles away from JaxPort, the region’s international trade seaport, and in close proximity to Jacksonville International Airport.
“We are excited to expand our portfolio in the Southeast, which continues to experience strong demand for industrial real estate. Florida, in particular, benefits from robust economic and population growth, and the Jacksonville market has experienced consistent absorption and rent growth over the past several years,” said Andre Ciani, INDUS’ Director of Acquisitions for the Florida region.
INDUS continues to focus on growing its portfolio through the acquisition and development of high-quality industrial properties in fast-growing and strongly performing geographic markets. “We remain bullish on the long-term secular trends in the industrial sector. With access to significant capital from our investors, Centerbridge, GIC and ADIA, we are well-positioned to grow our platform through acquisitions of individual properties and portfolios as well as through development opportunities,” said Michael Gamzon, President and CEO of INDUS.
John Huguenard, Luis Castillo, and Cody Brais of JLL arranged the transaction.
About INDUS
INDUS is a real estate business principally engaged in developing, acquiring, managing, and leasing industrial properties. As of July 2024, INDUS owned 49 buildings aggregating approximately 7.8 million square feet in addition to 5 buildings totaling 1.1 million square feet under development. INDUS’ properties are located in Connecticut, Pennsylvania, North Carolina, South Carolina, Georgia, Tennessee, and Florida. INDUS is owned by affiliates of Centerbridge Partners, L.P., a global private investment firm with deep experience in real estate, and GIC, a global institutional investor. Additionally, a wholly owned subsidiary of the Abu Dhabi Investment Authority is a strategic investor alongside Centerbridge in the ownership of INDUS.
Contact:
Nicole Yeh
(212) 218-7916