28 High-Profile Focus: Industrial Facilities February 2026
INDUS Reports on Portfolio Growth and Development Activity
New York – INDUS Realty Trust, Inc., a U. S.-based logistics real estate business, provided an update on the company’ s acquisitions, development and leasing activity for 2025 and 2026 year to date. INDUS owns or has majority ownership of 81 properties aggregating 15.5 million sq. ft. This reflects a 24.1 % increase in INDUS’ portfolio since the start of 2025 and 113.7 % since the company was acquired in 2023.
Highlights:
• Acquired five properties totaling 1.9 million sq. ft. in Atlanta and Phoenix.
• Completed construction on five
McDonough( Atlanta), closed Q1 2026
buildings totaling 1.1 million sq. ft. in the Atlanta; Savannah, Ga.; and Lehigh Valley, Pa. markets.
• Started construction of a two building, 267,000sf infill development in the Atlanta market.
• Acquired or have under contract a total of 191 acres in the Nashville market to support 2.1 million sq. ft. of future development with the first building of 507,000sf under construction.
• Signed 24 new, renewal and expansion leases totaling 2.2 million sq. ft.
• Achieved blended cash leasing spreads of 47.3 % on 2025 leases.
• Signed a lease to install a 0.82MW rooftop solar array in the Lehigh Valley, Pa. market.
• As of December 2025, 84.0 % of INDUS’ portfolio has LED lighting. In 2025 through 2026 year to date,
INDUS added 3 million sq. ft. to its portfolio through the acquisition and construction of 10 buildings and grew the development pipeline to 13 buildings totaling an additional 3.8 million sq. ft., including three buildings totaling 837,000sf currently under construction.
“ The industrial real estate sector remains resilient and our high-quality, strategically located portfolio is wellpositioned to retain and attract tenants,”
Hausman( Lehigh Valley, Pa.), Delivered Q3 2025
said Michael Gamzon, president and CEO of INDUS.“ Since INDUS was taken private in June 2023, we have grown our portfolio over 113.7 %, expanded our pipeline of future developments and entered the Atlanta, Jacksonville, Phoenix and Savannah markets. With the support of our investors, Centerbridge, GIC and ADIA, we are well-positioned to grow our platform through further investment in acquisitions of individual properties, portfolios, industrial land and development opportunities in select high growth markets across the United States.”
Vineyard Wind to Resume Full Activities Following Decision by U. S. District Court
The foundations for Vineyard Wind 1 were installed by DEME Offshore’ s vessel Orion
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Boston – The U. S. District Court for the District of Massachusetts recently issued a decision to allow Vineyard Wind to resume full activities in its lease area on the Outer Continental Shelf.
On Jan. 15, Vineyard Wind filed a legal challenge to the suspension order issued by the U. S. Department of the Interior’ s Bureau of Ocean Energy Management( BOEM) on Dec. 22, 2025. The court’ s recent decision stays BOEM’ s suspension order. As the legal process proceeds, representatives of Vineyard Wind say it will continue to work with the administration to understand the matters raised in the order, and will
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focus on working in coordination with its contractors, the federal government, and other relevant stakeholders and authorities to safely restart activities as it continues to deliver a critical source of new power to the New England region.
In December 2025, Governor Maura Healey released a statement in response to the U. S. Department of the Interior’ s issuance of the stop work order for five nearly complete offshore wind projects, including Vineyard Wind.
“ Energy costs are already too high. It makes absolutely no sense for the Trump Administration to halt construction on a project that is bringing more affordable
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energy to our region. This puts people out of work during the holidays,” said Healey.“ Vineyard Wind has been producing power for a year, bringing down costs for residents and businesses, while creating nearly 4,000 jobs right here in Massachusetts. Donald Trump should be embracing an all-of-the-above approach to American energy, not shutting down critical sources like wind. It is dangerous to halt construction in the middle of a project, and I will stand up against this unlawful action by the Trump Administration to protect Massachusetts’ ratepayers and workers. We are working closely with impacted states |
and developers to ensure the projects are completed and continue to provide affordable power to our communities.”
Vineyard Wind I has been producing power since January 2025 and has nearly completed construction, capable of producing 572 MW of power. The lease areas for these projects were designed in consultation with the Department of Defense, and Vineyard Wind has an agreement in place with both the Department of Defense and the Department of the Air Force to ensure any national security considerations are addressed.
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