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INDUS Announces Acquisition of 757,000 Square Foot Logistics Portfolio in Houston

Business

INDUS Announces Acquisition of 757,000 Square Foot Logistics Portfolio in Houston
Business

Business

INDUS Announces Acquisition of 757,000 Square Foot Logistics Portfolio in Houston

2026-08-19 21:06 Last Updated At:21:20

NEW YORK--(BUSINESS WIRE)--Aug 19, 2026--

INDUS Realty Trust, Inc. (“INDUS” or the “Company”), a U.S.-based logistics real estate business announced that it has recently completed the acquisition of a 757,000 square foot, Class A logistics park in the Houston, Texas market. The five-building park is 99% occupied by a diverse range of tenants that serve the local population as well as industrial and manufacturing customers. The park is located in the North Houston submarket and is immediately adjacent to critical infrastructure including I-45, Beltway 8 and George Bush International Airport.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260819642993/en/

“This acquisition of modern, market appropriate buildings provide a great entry for INDUS into the Houston market. The park’s access and location in the strongly performing North Houston submarket and its design, which meets a wide range of tenant needs with suite sizes ranging from 8,000 square feet to 245,000 square feet, gives us confidence in its long-term success,” said Trey Daniel, INDUS’ market officer for Texas.

Michael Gamzon, President and CEO of INDUS added, “The Houston market continues to benefit from multiple demand drivers including strong demographic trends, increased manufacturing investment across a diverse range of industries, and growth at the Port of Houston.” He added, “We are excited to enter the Houston market and are keenly focused on scaling our footprint in Texas through additional acquisitions and developments of high-quality logistics properties.”

JLL’s Texas Industrial Capital Markets team including Trent Agnew, Charlie Strauss and Lance Young arranged the transaction.

About INDUS Realty Trust, Inc.

INDUS is a real estate business principally engaged in developing, acquiring, managing, and leasing industrial properties. As of August 2026, INDUS owns or has majority ownership in properties aggregating 16.4 million square feet. INDUS is owned by affiliates of Centerbridge Partners, L.P., a global private investment firm with deep experience in real estate, and GIC, a global institutional investor. Additionally, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) is a strategic investor alongside Centerbridge in the ownership of INDUS. For more information, please visit our website at www.indusrt.com.

INDUS Announces Acquisition of 757,000 Square Foot Logistics Portfolio in Houston

INDUS Announces Acquisition of 757,000 Square Foot Logistics Portfolio in Houston

THE HAGUE, Netherlands (AP) — The International Criminal Court on Wednesday slammed the latest U.S. sanctions targeting senior ICC staff, including its president, as a “flagrant attack” on the global tribunal's independence and vowed to continue seeking justice for atrocities around the world.

The State Department announced Tuesday that it had hit ICC president Tomoko Akane, a Japanese national, and ICC senior trial lawyer Abdoulaye Seye, who is from Senegal, with sanctions that freeze any assets they have in U.S. jurisdictions or come into contact with the U.S. financial system.

Japanese Prime Minister Sanae Takaichi called the move “very unfortunate” when asked about the sanctions by a reporter. “Japan will respond as we continue to maintain communication with related countries including the United States,” she added.

The Trump administration has now slapped sanctions on nine of the ICC's 18 judges, both of its deputy prosecutors, its former chief prosecutor and one other prosecution office staffer, the court said. The U.S. accuses the court of overstepping its mandate by investigating and seeking to prosecute senior military and political officials from countries, such as Israel and the United States, that are not members of the court.

In a statement, the court said that when “judicial actors are threatened for applying the law, it is the international legal order itself that is placed at risk.” It said the court “will continue to fully discharge its mandate with independence and impartiality.”

Secretary of State Marco Rubio on Tuesday branded the ICC “a corrupt and fatally politicized supranational court that has maliciously abused its authority and exceeded its mandate.”

The move came weeks after Rubio announced that the U.S. was launching a “sweeping campaign to dismantle the threat posed by the International Criminal Court to U.S. sovereignty.”

Rubio said he will pressure the court’s 125 member states to withdraw from the institution, sanction organizations that work with the court and ban staff from traveling to the United States.

Since then, Venezuela and Chad have announced they plan to leave the court, bringing the number of countries to pull out of the court in the past year to five. It takes a year for a country's decision to quit the court to be formalized.

The sanctions can impact the daily lives of court officials. They prevent the ICC officials and their families from entering the United States, block their access to even basic financial services making even going to a grocery store difficult.

Canadian judge Kimberly Prost, who was sanctioned last year, lost access to her credit cards, and Amazon’s Alexa stopped responding to her. “Your whole world is restricted,” she told The Associated Press after she was targeted.

The court's oversight body, the Assembly of States Parties, called the sanctions an “escalation” that “risks undermining ongoing investigations and impeding global efforts” to ensure justice reaches victims of global atrocities.

While Japan calls its alliance with the United States the cornerstone of its postwar foreign and security policies, Tokyo has had difficulty managing the relationship under Trump’s trade and security policies. Takaichi has been portrayed as weak for avoiding any criticism of Trump as her administration navigates weakened U.S. commitment in the region and deteriorating ties with China.

Yuichiro Tamaki, leader of the Japanese opposition Democratic Party for the People, wrote on X that Trump’s sanctions were “outrageous and intolerable.” He urged Takaichi’s government to show its support for the ICC and reach out to the U.S. government to “have it retract this unjust sanction.”

ICC host nation the Netherlands and European powerhouse Germany both threw their weight behind the court.

German foreign office spokesman Martin Giese told reporters in Berlin that the ICC is “fulfilling its mission exactly as intended,” by holding to account perpetrators of grave crimes. Dutch Foreign Minister Tom Berendsen said he had invited Akane for talks “to discuss our continued support.”

Balkees Jarrah, Middle East and North Africa director at Human Rights Watch, called the sanctions “the latest example of the Trump administration’s utter contempt for international law and a naked attempt to shield American and Israeli officials implicated in serious crimes from justice.”

Human Rights Watch and three other advocacy groups sued the Trump administration in a New York court last week to challenge its campaign against the ICC.

Associated Press journalists Matthew Lee in Washington, D.C., Mari Yamaguchi in Tokyo and Kirsten Grieshaber in Berlin contributed to this report.

FILE - Judge Tomoko Akane walks before delivering the verdict in the Al Hassan case at the International Criminal Court in The Hague, Netherlands, Wednesday Nov. 20, 2024. (Eva Plevier/Pool Photo via AP, file)

FILE - Judge Tomoko Akane walks before delivering the verdict in the Al Hassan case at the International Criminal Court in The Hague, Netherlands, Wednesday Nov. 20, 2024. (Eva Plevier/Pool Photo via AP, file)

FILE - A general view of the exterior of the International Criminal Court is seen in The Hague, Netherlands, March 12, 2025. (AP Photo/Omar Havana, File)

FILE - A general view of the exterior of the International Criminal Court is seen in The Hague, Netherlands, March 12, 2025. (AP Photo/Omar Havana, File)

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