LXP Industrial Trust announced on October 2, 2025 that it has sold two vacant development projects, totaling 2,138,640 square feet, located in Ocala, Florida and Indianapolis, Indiana, for a gross sale price of $175 million. The closing of the transaction occurred on September 30, 2025, and the sale represents a 20% premium—$29 million—over the gross book value of the properties as of June 30, 2025. Net proceeds from the sale are expected to be approximately $151 million after minority partner distributions and transaction costs, which LXP will apply to debt repayment and other general corporate purposes.
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