LXP Industrial Trust Sells Development Site Portfolio In Ocala Florida & Indianapolis Indiana For $175M

A development site located in Ocala, Florida, and Indianapolis, Indiana, was sold for a total of $175,000,000. The property encompasses 2,138,640 square feet, translating to a price per square foot of approximately $82.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $175,000,000
• Seller: T. Wilson Eglin - LXP Industrial Trust
• Sale Date: 09/30/2025
• Market: Ocala, Florida & Indianapolis, Indiana
• Total Square Feet: 2,138,640
• Price Per Square Foot: $82

LXP Industrial Trust sold two vacant development projects, realizing a 20% premium to book value. The REIT anticipates $151,000,000 in net proceeds from the sale, which is earmarked for debt repayment and corporate purposes.