LXP Industrial Trust

About LXP Industrial Trust

LXP Industrial Trust is a real estate operator headquartered in West Palm Beach, FL. LXP Industrial Trust operates in Akron, Ohio, Atlanta, Georgia and Charlotte, North Carolina. Its investment focus is on Industrial and Logistics.

LXP Industrial Trust is a publicly traded real estate investment trust founded in 1993 and focused exclusively on industrial real estate across the United States. The company owns and manages 112 industrial properties totaling approximately 54.2 million square feet across 12 target markets. LXP employs approximately 50–200 professionals and operates from its headquarters in New York, New York. The company specializes in the acquisition, development, ownership, and management of Class A warehouse and distribution facilities, with 92% of its portfolio consisting of Class A properties. LXP primarily targets modern logistics and distribution assets located in high-growth transportation and supply chain corridors, particularly in the Sunbelt and Midwest regions. Its portfolio maintains an average age of 9.8 years, with a 4.9-year weighted average lease term and 2.9% average annual rental escalations, reflecting a focus on newer institutional-quality industrial assets. LXP expands through direct acquisitions, build-to-suit developments, sale-leaseback transactions, and redevelopment opportunities, positioning itself as a major owner and developer of large-scale logistics and industrial properties nationwide.

Principals at LXP Industrial Trust