 NEW YORK, June 28, 2021 GLOBE NEWSWIRE -- INDUS Realty Trust, Inc. Nasdaq: INDT INDUS or the Company, a U.S. based industriallogistics REIT, announced today that it has completed the acquisition of a recently constructed, approximately 50 leased, 395,000 square foot industriallogistics building in Charlotte, North Carolina the Charlotte Acquisition. The Company used cash on hand to pay the 42.0 million purchase price. The Charlotte Acquisition is located in the Airport submarket of Charlotte and has excellent access to both I-485 and I-85. The Charlotte Acquisition increases the Companys Charlotte industriallogistics portfolio to approximately 1.0 million square feet, not including the approximately 141,000 square foot build-to-suit warehouse currently under construction that is expected to be completed by September 30, 2021. 