Company: LXP
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001444838-25-000023
Chunk: 109

Company: LXP Industrial Trust
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 109
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 (80%) (2)February 202464,285 N/A5,126 59,159 — Greenville/Spartanburg, SC (90%) (2)April 202473,414 N/A6,765 66,649 — Central Florida (100%) (2)June 202419,021 N/A4,493 14,528 — Central Florida (100%) (3)July 202412,401 N/A2,752 9,649 — Columbus, OH (100%)August 202423,879 10/20293,113 20,766 — Savannah, GA (100%)October 202434,267 01/20345,612 25,602 3,053 Atlanta, GA (100%)November 202447,897 08/20272,728 41,180 3,989 Atlanta, GA (100%)November 202430,238 05/20292,378 25,861 1,999 Houston, TX (100%)November 202445,202 02/20346,084 28,526 10,592 Greenville/Spartanburg, SC (100%)(4)December 202466,324 12/20363,163 63,161 — $550,520 $62,281 $468,606 $19,633 Weighted-average life of intangible assets (years)7.3(1)Initial basis excludes certain remaining costs, such as tenant improvements, lease costs and developer incentive fees or partner promotes, if any. (2)The facility was placed in service vacant one year after the completion of base building construction in accordance with the Company's policy. (3)During 2024, the remaining portion of the facility, representing 58% of the facility, was placed in service vacant one year after the completion of base building construction. During 2023, a 57,690 square foot portion of the facility, representing 42% of the facility, was occupied by a tenant and placed into service. (4)During 2024, the Company acquired a 59.1-acre land parcel for a purchase price of $3,416 and commenced construction of a build-to-suit facility subject to a 12-year lease, which was occupied by the tenant and placed into service in December 2024.