secwatch.observer — SEC 8-K summary
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Issuer:     LXP Industrial Trust (LXP)
CIK:        0000910108
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001539497-24-002609
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

LXP provides operational update: 0.5M sf leased in Q4, 28.9% cash rent growth; Ocala development lease suspended
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- New leases and extensions in Q4 to date total ~0.5M sq ft, with Cash Base Rents up 28.9%.
- Year-to-date leasing reaches ~4.0M sq ft; Cash Base Rents increase 37.6% on second-gen leases (excl. one lease).
- Discussions with prospective full-building user for 1.1M sq ft Ocala facility suspended; LXP continues to seek tenant.
- Acquired two properties in Atlanta and one in Houston for ~$124M in November; also Savannah acquisition for $34M.
- Tenant exercised purchase option on Phoenix leased land in December, closing ~$87M sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910108/000153949724002609/0001539497-24-002609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910108/000153949724002609/n4130_x6-8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-24-002609

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