{"id":3333,"date":"2021-07-20T20:39:31","date_gmt":"2021-07-21T01:39:31","guid":{"rendered":"https:\/\/1reason.com\/re\/indus-announces-closing-on-the-acquisition-of-a-395000-square-foot-industrial-logistics-building-in-charlotte-north-carolina\/3333\/"},"modified":"2021-07-21T15:39:31","modified_gmt":"2021-07-21T20:39:31","slug":"indus-announces-closing-on-the-acquisition-of-a-395000-square-foot-industrial-logistics-building-in-charlotte-north-carolina","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/indus-announces-closing-on-the-acquisition-of-a-395000-square-foot-industrial-logistics-building-in-charlotte-north-carolina\/3333\/","title":{"rendered":"INDUS Announces Closing on the Acquisition of a 395,000 Square Foot Industrial\/Logistics Building in Charlotte, North Carolina"},"content":{"rendered":"
The Company used cash on hand to pay the $42.0 million purchase price. The Charlotte Acquisition is located in the Airport submarket of Charlotte and has excellent access to both I-485 and I-85. The Charlotte Acquisition increases the Company\u2019s Charlotte industrial\/logistics portfolio to approximately 1.0 million square feet, not including the approximately 141,000 square foot build-to-suit warehouse currently under construction that is expected to be completed by September 30, 2021. <\/p>\n

About INDUS<\/strong><\/p>\n

INDUS is a real estate business principally engaged in developing, acquiring, managing and leasing industrial\/logistics properties. INDUS owns 42 buildings totaling approximately 5.1 million square feet (including 32 industrial\/logistics buildings aggregating approximately 4.7 million square feet) in Connecticut, Pennsylvania, North Carolina and Florida in addition to over 3,400 acres of undeveloped land.<\/p>\n

Forward-Looking Statements:<\/em><\/strong><\/p>\n

This Press Release includes \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include INDUS\u2019s beliefs and expectations regarding future events or conditions including, without limitation, statements regarding the expected completion date of the approximately 141,000 square foot build-to-suit warehouse currently under construction in Charlotte, North Carolina. Although INDUS believes that its plans, intentions and expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such plans, intentions or expectations will be achieved. The projected information disclosed herein is based on assumptions and estimates that, while considered reasonable by INDUS as of the date hereof, are inherently subject to significant business, economic, competitive and regulatory uncertainties and contingencies, many of which are beyond the control of INDUS and which could cause actual results and events to differ materially from those expressed or implied in the forward-looking statements. Other important factors that could affect the outcome of the events set forth in these statements are described in INDUS\u2019s Securities and Exchange Commission filings, including the \u201cBusiness,\u201d \u201cRisk Factors\u201d and \u201cForward-Looking Statements\u201d sections in INDUS\u2019s Annual Report on Form 10-K for the fiscal year ended November 30, 2020, filed with the Securities and Exchange Commission on February 18, 2021. INDUS disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release except as required by law.<\/em><\/p>\n

CONTACT:<\/strong>
Anthony Galici<\/strong>
Chief Financial Officer<\/strong>
(860) 286-1307 <\/strong>
agalici@indusrt.com<\/strong><\/p>\n

Ashley Pizzo<\/strong>
Director, IR & Capital Markets<\/strong>
(212) 218-7914 <\/strong>
apizzo@indusrt.com<\/strong><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

NEW YORK, June 28, 2021 (GLOBE NEWSWIRE) — INDUS Realty Trust, Inc. (Nasdaq: INDT) (\u201cINDUS\u201d or the \u201cCompany\u201d), a U.S. based industrial\/logistics REIT, announced today that it has completed the acquisition of a recently constructed, approximately 50% leased, 395,000 square foot industrial\/logistics building in Charlotte, North Carolina (the \u201cCharlotte Acquisition\u201d).<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3333"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=3333"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3333\/revisions"}],"predecessor-version":[{"id":3352,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3333\/revisions\/3352"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=3333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=3333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=3333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}