LXP Industrial Trust, Inc. was a Maryland-based real estate investment trust (REIT) specializing in the ownership, acquisition, development and management of industrial properties across the United States. Headquartered in Newton, Massachusetts, the company maintained a diversified portfolio of warehouses, distribution centers, light manufacturing facilities and flex spaces tailored to meet the logistics needs of a broad range of tenants.
The firm’s core activities included sourcing strategic industrial assets in key markets, undertaking value-add development projects, and leasing space to customers operating in sectors such as e-commerce, third-party logistics, manufacturing and wholesale distribution. LXP’s in-house property management platform provided lease administration, building maintenance and construction oversight, allowing the REIT to optimize operational performance and enhance property values over time.
LXP Industrial Trust focused geographically on major coastal and inland markets, with significant investments in the Northeast, Midwest, South and West Coast regions. Its portfolio strategy emphasized high‐growth distribution hubs and transportation corridors, enabling tenants to capitalize on proximity to major highways, ports and consumer markets. This national footprint allowed LXP to attract a diverse tenant base and benefit from multiple drivers of industrial real estate demand.
Founded in 1991 and built on the industrial property platform of a leading institutional investor, LXP was guided by an executive leadership team with extensive experience in real estate investment, capital markets and asset management. In early 2021, the company entered into an agreement to be acquired by Prologis, Inc., reflecting the strength of its portfolio and the growing consolidation trend within the industrial REIT sector.
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