LXP Industrial Trust Sells 2 Vacant Projects for $175M Gross Price.

LXP Industrial Trust has sold two vacant development projects in Ocala, Florida and Indianapolis, Indiana for a gross price of $175 million, representing a 20% premium over their book value. The company expects to receive net proceeds of approximately $151 million, which will be used for debt repayment and general corporate purposes.

LXP Industrial Trust (NYSE:LXP), a real estate investment trust specializing in Class A warehouse and distribution properties, has completed the sale of two vacant development projects for $175 million. The properties, totaling 2,138,640 square feet, are located in Ocala, Florida and Indianapolis, Indiana. The transaction, which closed on September 30, 2025, represents a 20% premium ($29 million) above the properties' gross book value as of June 30, 2025. LXP anticipates receiving net proceeds of $151 million after deductions, which will be allocated towards debt repayment and general corporate purposes LXP Industrial Trust Announces $175 Million Sale of Development Projects in Central Florida and Indianapolis Markets^[1].

The gross sale price of $175 million is a significant achievement for LXP, as it reflects a strong market demand for warehouse and distribution properties. The 20% premium over the book value indicates that the properties were sold at a higher price than their recorded value, suggesting that the market is bullish on these types of assets. The net proceeds of $151 million will be used to reduce debt and support general corporate operations, which could potentially improve the company's financial health and liquidity LXP Industrial Trust Announces $175 Million Sale of Development Projects in Central Florida and Indianapolis Markets^[1].

LXP Industrial Trust has been actively expanding its portfolio through various transactions, including acquisitions, build-to-suit projects, and development initiatives. The sale of these vacant development projects aligns with the company's strategy to optimize its real estate holdings and generate additional capital. This transaction also demonstrates LXP's ability to navigate the real estate market and capitalize on opportunities to enhance shareholder value LXP Industrial Trust Announces $175 Million Sale of Development Projects in Central Florida and Indianapolis Markets^[1].

The successful sale of these properties underscores LXP's commitment to delivering value to its investors. As the company continues to pursue growth opportunities, investors can expect to see further developments in LXP's portfolio and financial performance. For more details on the transaction, investors can visit LXP's investor relations website LXP Industrial Trust Announces $175 Million Sale of Development Projects in Central Florida and Indianapolis Markets^[1].