LXP Industrial Trust Leases 1.2 Million Square Foot Development Project in Phoenix
LXP Industrial Trust has pre-leased its 1.2 million square foot speculative warehouse development in Phoenix to a U.S. subsidiary of a global logistics company, with a five-year lease starting December 2026. The project, costing approximately $122 million, is expected to generate an 8.0% development cash yield, marking a significant leasing milesto…