<SEC-DOCUMENT>0001539497-22-001245.txt : 20220705
<SEC-HEADER>0001539497-22-001245.hdr.sgml : 20220705
<ACCEPTANCE-DATETIME>20220705160231
ACCESSION NUMBER:		0001539497-22-001245
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20220705
DATE AS OF CHANGE:		20220705
EFFECTIVENESS DATE:		20220705

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LXP Industrial Trust
		CENTRAL INDEX KEY:			0000910108
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				133717318
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-266016
		FILM NUMBER:		221064745

	BUSINESS ADDRESS:	
		STREET 1:		ONE PENN PLAZA
		STREET 2:		SUITE 4015
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119
		BUSINESS PHONE:		(212) 692-7200

	MAIL ADDRESS:	
		STREET 1:		ONE PENN PLAZA
		STREET 2:		SUITE 4015
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEXINGTON REALTY TRUST
		DATE OF NAME CHANGE:	20070104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEXINGTON CORPORATE PROPERTIES TRUST
		DATE OF NAME CHANGE:	19980625

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEXINGTON CORPORATE PROPERTIES INC
		DATE OF NAME CHANGE:	19930816
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>n3045-x14_s8.htm
<DESCRIPTION>S-8
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>As filed with the Securities and Exchange Commission
on July 5, 2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, DC 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM S-8 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REGISTRATION STATEMENT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNDER THE SECURITIES ACT OF 1933</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><B><U>LXP INDUSTRIAL TRUST</U></B></FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">(Exact name of registrant as specified in its charter)</FONT></P>



<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center; width: 33%"><FONT STYLE="font-size: 10pt"><B><U>Maryland</U></B></FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center; width: 33%"><FONT STYLE="font-size: 10pt"><B><U>1-12386</U></B></FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center; width: 33%"><FONT STYLE="font-size: 10pt"><B><U>13-3717318</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other jurisdiction</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">of incorporation)</P></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(IRS Employer Identification No.)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>One Penn Plaza, Suite 4015 New York, NY</U></B></FONT></TD>
    <TD STYLE="width: 50%; padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>10119-4015</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Address of principal executive offices)</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>LXP Industrial Trust</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>2022 Equity-Based Award Plan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Full title of the plan)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>T. Wilson Eglin</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Chief Executive Officer and President</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>LXP Industrial Trust</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>One Penn Plaza, Suite 4015</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>New York, NY 10119-4015</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name and address of agent for service)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(212) 692-7200</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Telephone number, including area code, of agent for
service)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Copies to:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Brandon J. Bortner</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Amir A. Heyat</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Paul Hastings LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>2050 M Street NW</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, DC 20036</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(202) 551-1840</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is a large accelerated filer,
an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definition of &#8220;large
accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221;
in Rule 12b-2 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">(Check one):</FONT></TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Large accelerated filer <FONT STYLE="font-family: Wingdings">&yacute;</FONT></FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Accelerated filer <FONT STYLE="font-family: Wingdings">&uml;</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Non-accelerated filer <FONT STYLE="font-family: Wingdings">&uml;</FONT></FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Smaller reporting company <FONT STYLE="font-family: Wingdings">&uml;</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Emerging growth company <FONT STYLE="font-family: Wingdings">&uml;</FONT></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 7(a)(2)(B) of the Securities Act. <FONT STYLE="font-family: Wingdings">&uml;</FONT></P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: middle; text-align: center"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXPLANATORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Compensation Committee of the Board of Trustees
of LXP Industrial Trust (the &#8220;Trust&#8221;) adopted the LXP Industrial Trust 2022 Equity-Based Award Plan (the &#8220;2022 Plan&#8221;)
on April 1, 2022, subject to approval by the Trust&#8217;s holders of shares of beneficial interest, par value $0.0001 per share, classified
as common stock (&#8220;Common Shares&#8221;) (such holders, the &#8220;Shareholders&#8221;). At the Trust&#8217;s 2022 Annual Meeting
of Shareholders that was held on May 24, 2022 (the &#8220;Effective Date&#8221;), the Shareholders approved and adopted the 2022 Plan.
The 2022 Plan replaces the Lexington Realty Trust Amended and Restated 2011 Equity-Based Award Plan (the &#8220;2011 Plan&#8221;). The
2011 Plan and the Trust&#8217;s authority to grant new awards thereunder terminated upon Shareholder approval of the 2022 Plan on the
Effective Date. The 2022 Plan provides that, from the Effective Date, a total of 4,000,000 Common Shares will be available for issuance
under the 2022 Plan (plus any Common Shares subject to outstanding awards under the 2011 Plan).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The purpose of this registration statement (this &#8220;Registration
Statement&#8221;) is to register the following for issuance under the 2022 Plan: (a) the 4,000,000 Common Shares being registered for
the first time pursuant to the 2022 Plan and (b) the 2,070,924 Common Shares that were subject to outstanding awards under the 2011 Plan
on the Effective Date (the &#8220;2011 Plan Shares Subject to Outstanding Awards&#8221;). The 2011 Plan Shares Subject to Outstanding
Awards were previously registered on a Registration Statement on Form S-8, filed with the Securities and Exchange Commission (the &#8220;Commission&#8221;)
on March 2, 2018 (Registration Statement No. 333-223399) (the &#8220;2018 Registration Statement&#8221;). Effective as of July 5, 2022,
the Trust terminated the offering that included the 2011 Plan Shares Subject to Outstanding Awards under the 2018 Registration Statement
by filing a post-effective amendment to the 2018 Registration Statement deregistering Common Shares that remained unissued thereunder
as of the date of the post-effective amendment to the 2018 Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PART I - INFORMATION REQUIRED IN THE SECTION 10(a)
PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The information required by Part I of Form S-8 is omitted
from this Registration Statement in accordance with Rule 428 under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).
The document(s) containing the information specified in Part I will be sent or given to participants in the 2022 Plan as specified by
Rule 428(b)(1) under the Securities Act. Such documents are not being filed with the Commission as part of this Registration Statement
or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act. These document(s) and the documents incorporated
by reference in the Registration Statement pursuant to Item 3 of Part II of this form, taken together, constitute a prospectus that meets
the requirements of Section 10(a) of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: middle; text-align: center"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PART II - INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 3. Incorporation of Documents by Reference. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following documents are hereby incorporated by
reference in this Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 90%; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
  <TR STYLE="vertical-align: top">
    <TD>1.</TD>
    <TD STYLE="font-size: 10pt">The Trust&#8217;s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as filed with the Commission on February 24, 2022;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>2.</TD>
    <TD STYLE="font-size: 10pt">The Trust&#8217;s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, as filed with the Commission on May 5, 2022;</TD></TR>
  <TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>3.</TD>
    <TD STYLE="font-size: 10pt">The Trust&#8217;s Current Reports on Form 8-K filed with the Commission on January 3, 2022 (not including any information furnished under Item 7.01 therein), April 1, 2022, April 13, 2022, May 5, 2022 (not including any information furnished under Items 2.02 or 7.01 therein), May 12, 2022, May 27, 2022 and June 21, 2022.</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>4.</TD>
    <TD STYLE="font-size: 10pt">The &#8220;Description of Our Common Shares&#8221; contained in the Trust&#8217;s Registration Statement on Form S-3 (Registration No. 333-253297), as filed with the Commission on February 19, 2021.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">In addition, all documents filed by the Trust with
the Commission pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange
Act&#8221;) on or after the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates
that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated
by reference into this Registration Statement and to be a part hereof from the date of filing of such documents with the Commission. Any
statement contained in a document incorporated or deemed to be incorporated herein by reference shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement herein or in any other subsequently filed document that also
is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded
shall not constitute a part of this Registration Statement, except as so modified or superseded. Any information furnished under Item
2.02 or Item 7.01 of any Current Report on Form 8-K incorporated or deemed incorporated by reference herein shall not be deemed incorporated
by reference herein unless such Current Report on Form 8-K expressly provides to the contrary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 4. Description of Securities.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 5. Interests of Named Experts and Counsel.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B></B></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: middle; text-align: center"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 6. Indemnification of Directors and Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Trust is a real estate investment trust, or REIT,
formed under the laws of the State of Maryland. The Maryland REIT Law and Section 2-418 of the Maryland General Corporation Law generally
permit indemnification of any trustee or officer made a party to any proceedings by reason of service as a trustee or officer unless it
is established that (i) the act or omission of such person was material to the matter giving rise to the proceeding and was committed
in bad faith or was the result of active and deliberate dishonesty; (ii) such person actually received an improper personal benefit in
money, property or services; or (iii) in the case of any criminal proceeding, such person had reasonable cause to believe that the act
or omission was unlawful. The indemnity may include judgments, penalties, fines, settlements and reasonable expenses actually incurred
by the trustee or officer in connection with the proceeding, but if the proceeding is one by or in the right of the company, indemnification
is not permitted with respect to any proceeding in which the trustee or officer has been adjudged to be liable to the company, or if the
proceeding is one charging improper personal benefit to the trustee or officer, whether or not involving action in the trustee&#8217;s
or officer's official capacity, indemnification of the trustee or officer is not permitted if the trustee or officer was adjudged to be
liable on the basis that personal benefit was improperly received, unless in either case a court orders indemnification and then only
for expenses. The termination of any proceeding by conviction or upon a plea of nolo contendere or its equivalent, or any entry of an
order of probation prior to judgment, creates a rebuttable presumption that the trustee or officer did not meet the requisite standard
of conduct required for permitted indemnification. The termination of any proceeding by judgment, order or settlement, however, does not
create a presumption that the trustee or officer failed to meet the requisite standard of conduct for permitted indemnification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The Trust&#8217;s Declaration of Trust limits the
liability of its trustees and officers for money damages, except for liability resulting from:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>actual receipt of an improper benefit or profit in money, property or services; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>a final judgment based upon a finding of active and deliberate dishonesty by the trustees or officers that was material to the cause
of action adjudicated.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The Trust&#8217;s Declaration of Trust obligates the
Trust to the maximum extent permitted by Maryland law, to indemnify, and to pay or reimburse reasonable expenses in advance of final disposition
of a proceeding to, any trustees or officers, whether serving the Trust or at its request any other entity, who is made a party to a proceeding
by reason of his or her service in that capacity. The Trust&#8217;s Declaration of Trust permits the Trust to indemnify and advance expenses
to any employee or agent of the Trust, whether serving the Trust or at its request any other entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Maryland law requires the Trust, as a condition to advancing expenses,
to obtain:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>a written affirmation by the trustee or officer of his or her good faith belief that he or she has met the standard of conduct necessary
for indemnification; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>a written undertaking to repay the amount reimbursed if the standard of conduct is not met.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The Trust has purchased liability insurance for its
trustees and officers, which also covers the Trust&#8217;s subsidiaries. The Trust has also entered into indemnification agreements with
certain officers and trustees for the purpose of indemnifying such persons from certain claims and actions in their capacities as such.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to trustees, directors, officers or persons controlling the registrant pursuant to the foregoing
provisions, the Trust has been informed that in the opinion of the Commission such indemnification is against public policy as expressed
in the Securities Act and is therefore unenforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The foregoing reference is necessarily subject to the
complete text of the Trust&#8217;s declaration of trust and the statutes referred to above and is qualified in its entirety by reference
thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: middle; text-align: center"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 7. Exemption from Registration Claimed. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 8. Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; width: 10%; padding: 1.75pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000111667907000120/ex3-1_merger.htm" STYLE="-sec-extract: exhibit">4.1</A></TD>
    <TD STYLE="width: 90%; padding: 1.75pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000111667907000120/ex3-1_merger.htm" STYLE="-sec-extract: exhibit">Articles of Merger and Amended and Restated Declaration of Trust of the Trust, dated December 31, 2006 (filed as Exhibit 3.1 to the Trust&#8217;s Current Report on Form 8-K filed January 8, 2007 (the &#8220;01/08/07 8-K&#8221;)) &nbsp;</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000144483813000065/exhibit34-111513.htm" STYLE="-sec-extract: exhibit">4.2</A></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000144483813000065/exhibit34-111513.htm" STYLE="-sec-extract: exhibit">Articles Supplementary Relating to the Reclassification of 8.05% Series B Cumulative Redeemable Preferred Stock, par value $0.0001 per share, and 7.55% Series D Cumulative Redeemable Preferred Stock, par value $0.0001 per share (filed as Exhibit 3.4 to the Trust&#8217;s Current Report on Form 8-K filed November 21, 2013) &nbsp;</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000153949721002090/n2288-x15exh3_1.htm" STYLE="-sec-extract: exhibit">4.3</A></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000153949721002090/n2288-x15exh3_1.htm" STYLE="-sec-extract: exhibit">Articles of Amendment to the Amended and Restated Declaration of Trust, dated as of December 14, 2021 (filed as of Exhibit 3.1 to the Trust&#8217;s Current Report on Form 8-K filed on December 16, 2021) &nbsp;</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000153949722001080/n3045-x12exh3_1.htm" STYLE="-sec-extract: exhibit">4.4</A></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000153949722001080/n3045-x12exh3_1.htm" STYLE="-sec-extract: exhibit">Articles of Amendment to the Amended and Restated Declaration of Trust, dated as of May 26, 2022 (filed as Exhibit 3.1 to the Trust&#8217;s Current Report on Form 8-K filed on May 27, 2022) &nbsp;</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000111667907000120/ex3-2_bylaws.htm" STYLE="-sec-extract: exhibit">4.5</A></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000111667907000120/ex3-2_bylaws.htm" STYLE="-sec-extract: exhibit">Amended and Restated By-laws of the Trust (filed as Exhibit 3.2 to the 01/08/07 8-K) &nbsp;</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000144483809000087/exhibit3_1.htm" STYLE="-sec-extract: exhibit">4.6</A></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000144483809000087/exhibit3_1.htm" STYLE="-sec-extract: exhibit">First Amendment to Amended and Restated By-laws of the Trust (filed as Exhibit 3.1 to the Trust&#8217;s Current Report on Form 8-K filed November 20, 2009) &nbsp;</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt"><A HREF="https://www.sec.gov/Archives/edgar/data/790877/000144483817000013/exhibit31.htm" STYLE="-sec-extract: exhibit">4.7</A></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/790877/000144483817000013/exhibit31.htm" STYLE="-sec-extract: exhibit">Second Amendment to the Amended and Restated By-laws of the Trust (filed as Exhibit 3.1 to the Trust&#8217;s Current Report on Form 8-K filed April 3, 2017) &nbsp;</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000144483820000007/ex31-3rdarbyxlaws4920.htm" STYLE="-sec-extract: exhibit">4.8</A></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000144483820000007/ex31-3rdarbyxlaws4920.htm" STYLE="-sec-extract: exhibit">Third Amendment to the Amended and Restated By-laws of the Trust (filed as Exhibit 3.1 to the Trust&#8217;s Current Report filed on Form 8-K on April 9, 2020) &nbsp;</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000153949722001080/n3045-x12exh10_1.htm" STYLE="-sec-extract: exhibit">4.9</A></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/910108/000153949722001080/n3045-x12exh10_1.htm" STYLE="-sec-extract: exhibit">LXP Industrial Trust 2022 Equity-Based Award Plan (filed as Exhibit 10.1 to the Trust&#8217;s Current Report filed on Form 8-K on May 27, 2022)</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt"><A HREF="exhibit_5-1.htm" STYLE="-sec-extract: exhibit">5.1*</A></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><A HREF="exhibit_5-1.htm" STYLE="-sec-extract: exhibit">Opinion of Venable LLP</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt"><A HREF="exhibit_5-1.htm" STYLE="-sec-extract: exhibit">23.1</A></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><A HREF="exhibit_5-1.htm" STYLE="-sec-extract: exhibit">Consent of Venable LLP (included in Exhibit 5.1)</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt"><A HREF="exhibit_23-2.htm" STYLE="-sec-extract: exhibit">23.2*</A></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><A HREF="exhibit_23-2.htm" STYLE="-sec-extract: exhibit">Consent of Deloitte &amp; Touche LLP</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt"><A HREF="#poa" STYLE="-sec-extract: exhibit">24.1</A></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><A HREF="#poa" STYLE="-sec-extract: exhibit">Power of Attorney (included on the Signature Page)</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 1.75pt"><A HREF="exhibit_107.htm" STYLE="-sec-extract: exhibit">107*</A></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><A HREF="exhibit_107.htm" STYLE="-sec-extract: exhibit">Filing Fee Table</A></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">* Filed herewith</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: middle; text-align: center"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 9. Undertakings.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a) The Trust hereby undertakes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(1) To file, during any period in which offers or sales
are being made, a post-effective amendment to this Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">(i) To include any prospectus required by Section 10(a)(3)
of the Securities Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">(ii) To reflect in the prospectus any facts or events
arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually
or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing,
any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which
was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent
change in the maximum aggregate offering price set forth in the &#8220;Calculation of Filing Fee&#8221; table in the effective Registration
Statement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">(iii) To include any material information with respect
to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration
Statement; provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be
included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Trust
pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(2) That, for the purpose of determining any liability
under the Securities Act, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities
offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the termination of the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b) The undersigned Trust hereby undertakes that, for
purposes of determining any liability under the Securities Act, each filing of the Trust&#8217;s annual report pursuant to Section 13(a)
or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to
Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c) Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers and controlling persons of the Trust pursuant to the foregoing provisions,
or otherwise, the Trust has been advised that in the opinion of the Commission such indemnification is against public policy as expressed
in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other
than the payment by the Trust of expenses incurred or paid by a director, officer or controlling person of the Trust in the successful
defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities
being registered, the Trust will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to
a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: middle; text-align: center"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom-width: 0in; border-bottom-color: Black"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Act, the Trust certifies
that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on July
5, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">LXP INDUSTRIAL TRUST</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 51%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 5%; padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 44%; padding: 1.75pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding: 1.75pt 1.75pt 1.9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ T. Wilson Eglin</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Name: T. Wilson Eglin </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Title: Chief Executive Officer and President</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom-width: 0in; border-bottom-color: Black"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom-width: 0in; border-bottom-color: Black"><B><A NAME="poa"></A>POWER
OF ATTORNEY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Each person whose signature appears below authorizes T. Wilson Eglin and
Beth Boulerice, and each of them, each of whom may act without joinder of the other, as his/her true and lawful attorneys-in-fact and
agents, with full power of substitution and resubstitution, for him/her and in his/her name, place and stead, in any and all capacities
to execute in the name of each such person who is then an officer or trustee of LXP Industrial Trust, and to file any amendments (including
post effective amendments) to this Registration Statement and any registration statement for the same offering filed pursuant to Rule
462 under the Securities Act, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Commission,
granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and
necessary to be done in and about the premises, as fully to all intents and purposes as he/she might or could do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents or their substitute or substitutes may lawfully do or cause to be done by virtue
hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Act, this Registration Statement
has been signed by the following persons in the capacities and on the date indicated:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Signature</B></FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Title</B></FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Date</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 1.75pt 1.75pt 1.9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ T. Wilson Eglin</FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 1.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Chairman, Chief Executive Officer</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">and President</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(principal executive officer)</I></P></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">July 5, 2022</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">T. Wilson Eglin</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 1.75pt 1.75pt 1.9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Beth Boulerice</FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 1.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Executive Vice President,</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Chief Financial Officer and Treasurer</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(principal financial officer)</I></P></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">July 5, 2022</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Beth Boulerice</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 1.75pt 1.75pt 1.9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Mark Cherone</FONT></TD>
    <TD ROWSPAN="2" STYLE="padding: 1.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Senior Vice President and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Chief Accounting Officer</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(<I>principal accounting officer</I>)</P></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">July 5, 2022</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Mark Cherone</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 1.75pt 1.75pt 1.9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Richard S. Frary</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Trustee</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">July 5, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Richard S. Frary</FONT></TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 1.75pt 1.75pt 1.9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Lawrence L. Gray</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Trustee</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">July 5, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Lawrence L. Gray</FONT></TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Arun Gupta</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Trustee</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">July 5, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Arun Gupta</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 1.75pt 1.75pt 1.9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Jamie Handwerker</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Trustee</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">July 5, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Jamie Handwerker</FONT></TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 1.75pt 1.75pt 1.9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Claire A. Koeneman</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Trustee</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">July 5, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Claire A. Koeneman</FONT></TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Nancy Elizabeth Noe</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Trustee</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">July 5, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Nancy Elizabeth Noe</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 1.75pt 1.75pt 1.9pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Howard Roth</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Trustee</FONT></TD>
    <TD STYLE="padding: 1.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">July 5, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Howard Roth</FONT></TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD>
    <TD STYLE="padding: 1.75pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 7; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: middle; text-align: center"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>exhibit_5-1.htm
<DESCRIPTION>OPINION OF VENABLE LLP
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"><B>Exhibit 5.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: left"><B>&thinsp;&thinsp;<IMG SRC="n3045_g001.jpg" ALT=""></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">July 5, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">LXP Industrial Trust<BR>
One Penn Plaza, Suite 4015<BR>
New York, NY 10119</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Re:&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Registration Statement on Form S-8</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">We have served as Maryland counsel to LXP Industrial
Trust, a Maryland real estate investment trust (the &#8220;Company&#8221;), in connection with certain matters of Maryland law arising
out of the issuance of up to 6,070,924 shares (the &#8220;Shares&#8221;) of beneficial interest, par value $.0001 per share, classified
as common stock of the Company (the &#8220;Common Shares&#8221;), pursuant to the LXP Industrial Trust 2022 Equity-Based Award Plan, effective
May 24, 2022 (the &#8220;Plan&#8221;), including up to 2,070,924 Shares previously issuable under the Company&#8217;s Amended and Restated
2011 Equity-Based Award Plan (the &#8220;2011 Plan&#8221;) and now issuable under the Plan, covered by the above-referenced Registration
Statement, and all amendments thereto (the &#8220;Registration Statement&#8221;), filed with the Securities and Exchange Commission (the
&#8220;Commission&#8221;) under the Securities Act of 1933, as amended (the &#8220;Act&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">In connection with our representation of the Company,
and as a basis for the opinion hereinafter set forth, we have examined originals, or copies certified or otherwise identified to our satisfaction,
of the following documents (hereinafter collectively referred to as the &#8220;Documents&#8221;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>The
Registration Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>The
declaration of trust of the Company (the &#8220;Declaration&#8221;), certified by the State Department of Assessments and Taxation of
Maryland (the &#8220;SDAT&#8221;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>The
Amended and Restated Bylaws of the Company, as amended through the date hereof, certified as of the date hereof by an officer of the
Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>A certificate of the SDAT as to the good standing of the Company, dated as of a recent date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>Resolutions (the &#8220;Resolutions&#8221;) adopted by the Board of Trustees of the Company, or a duly authorized committee thereof,
relating to the Plan and the issuance of the Shares, certified as of the date hereof by an officer of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>The
Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>A
certificate executed by an officer of the Company, dated as of the date hereof; and</P>


<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: bottom; text-align: center"><TD STYLE="width: 33%">&thinsp;</TD><TD STYLE="width: 34%">&thinsp;</TD><TD STYLE="width: 33%">&thinsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><IMG SRC="n3045_g002.jpg" ALT="">&thinsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>LXP Industrial Trust<BR> July 5, 2022<BR> Page&thinsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>Such other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to
the assumptions, limitations and qualifications stated herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">In expressing the opinion set forth below, we
have assumed the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>Each
individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>Each individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>Each of the parties (other than the Company) executing any of the Documents has duly and validly executed and delivered each of
the Documents to which such party is a signatory, and the obligations of such party set forth therein are legal, valid and binding and
are enforceable in accordance with all stated terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>All Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts
do not differ in any respect relevant to this opinion from the form and content of such Documents as executed and delivered. All Documents
submitted to us as certified or photostatic copies conform to the original documents. All signatures on all Documents are genuine. All
public records reviewed or relied upon by us or on our behalf are true and complete. All representations, warranties, statements and information
contained in the Documents are true and complete. There has been no oral or written modification of or amendment to any of the Documents,
and there has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>The Shares will not be issued or transferred in violation of any restriction contained in Article Ninth of the Declaration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>Upon the issuance of any of the Shares, the total number of Common Shares issued and outstanding will not exceed the total number
of Common Shares that the Company is then authorized to issue under the Declaration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>Each
<FONT STYLE="background-color: white">incentive share option, share appreciation right, restricted share, restricted share unit, LTIP
unit or other share-based award</FONT> exercisable or exchangeable for a Share and assumed by the Company pursuant to the Resolutions
(each, an &#8220;Award&#8221;) was duly authorized and validly granted in accordance with the Plan, and each Award will be exercised
or exchanged in accordance with the terms of such Award, including any option or award agreement entered into in connection therewith,
and the Resolutions.</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: bottom; text-align: center"><TD STYLE="width: 33%">&thinsp;</TD><TD STYLE="width: 34%">&thinsp;</TD><TD STYLE="width: 33%">&thinsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><IMG SRC="n3045_g002.jpg" ALT="">&thinsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>LXP Industrial Trust<BR> July 5, 2022<BR> Page&thinsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT> Of the 5,000,000 shares of Common Stock authorized for issuance under the 2011 Plan, 2,070,924 Shares were subject to outstanding
awards as of the date hereof and available for issuance under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">Based upon the foregoing, and subject to the assumptions,
limitations and qualifications stated herein, it is our opinion that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">1.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The
Company is a real estate investment trust duly formed and existing under and by virtue of the laws of the State of Maryland and is in
good standing with the SDAT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">2.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The
Shares are duly authorized for issuance and, when and if issued and delivered in accordance with the Resolutions and the Plan, will be
validly issued, fully paid and nonassessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">The foregoing opinion is limited to the laws of
the State of Maryland and we do not express any opinion herein concerning any federal law or the laws of any other jurisdiction. We express
no opinion as to the applicability or effect of any federal or state securities laws, including the securities laws of the State of Maryland,
or as to federal or state laws regarding fraudulent transfers. To the extent that any matter as to which our opinion is expressed herein
would be governed by the laws of any jurisdiction other than the State of Maryland, we do not express any opinion on such matter. The
opinion expressed herein is subject to the effect of judicial decisions which may permit the introduction of parol evidence to modify
the terms or the interpretation of agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">The opinion expressed herein is limited to the
matters specifically set forth herein and no other opinion shall be inferred beyond the matters expressly stated. We assume no obligation
to supplement this opinion if any applicable law changes after the date hereof or if we become aware of any fact that might change the
opinion expressed herein after the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">This opinion is being furnished to you for submission
to the Commission as an exhibit to the Registration Statement. We hereby consent to the filing of this opinion as an exhibit to the Registration
Statement and to the use of the name of our firm therein. In giving this consent, we do not admit that we are within the category of persons
whose consent is required by Section 7 of the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 3.5in">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3.5in">/s/ Venable LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: bottom; text-align: center"><TD STYLE="width: 33%">&thinsp;</TD><TD STYLE="width: 34%">&thinsp;</TD><TD STYLE="width: 33%">&thinsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>3
<FILENAME>exhibit_23-2.htm
<DESCRIPTION>CONSENT OF DELOITTE & TOUCHE LLP
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt"><B>Exhibit 23.2</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">We consent to the incorporation by reference
in this Registration Statement on Form S-8 of our reports dated February 24, 2022, relating to the financial statements of LXP Industrial
Trust and the effectiveness of LXP Industrial Trust&rsquo;s internal control over financial reporting, appearing in the Annual Report
on Form 10-K of LXP Industrial Trust for the year ended December 31, 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">/s/ DELOITTE &amp; TOUCHE LLP</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">New York, New York</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">July 5, 2022</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: middle; text-align: center"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>4
<FILENAME>exhibit_107.htm
<DESCRIPTION>FILING FEE TABLE
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Calculation of Filing Fee Table</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Form S-8</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Form Type)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>LXP Industrial Trust</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified in its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>Table 1 - Newly Registered Securities</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding-left: 8.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 8.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Security Type</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Security</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Class</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center">Title</P></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Fee<BR>
Calculation<BR>
Rule</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Amount<BR>
Registered</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Proposed<BR>
Maximum<BR>
Offering<BR>
Price Per<BR>
Unit</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Maximum</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Aggregate</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Offering</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center">Price</P></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Fee</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center">Rate</P></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 2.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Amount of<BR>
Registration<BR>
Fee</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 8.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 10pt; font-size: 10pt; text-align: center; text-indent: -10pt"><FONT STYLE="font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Shares of beneficial interest, par value $0.0001 per share, classified as common stock</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Other<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">6,070,924<SUP>(1)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">$10.63<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">$64,533,922.12</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">.0000927</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">$5,982.29</FONT></TD></TR>
  <TR>
    <TD COLSPAN="7" STYLE="border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 8.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="7" STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 8.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Total Offering Amounts</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&#8212; </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">$64,533,922.12</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&#8212; </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">$5,982.29</FONT></TD></TR>
  <TR>
    <TD COLSPAN="7" STYLE="border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 8.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="7" STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 8.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Total Fee Offsets</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&#8212; </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&#8212; </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&#8212; </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">$0.00</FONT></TD></TR>
  <TR>
    <TD COLSPAN="7" STYLE="border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 8.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="7" STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 8.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Net Fee Due</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&#8212; </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&#8212; </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&#8212; </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">$5,982.29</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0">The shares of beneficial interest, par value $0.0001 per share, classified as common stock (&#8220;Common Shares&#8221;), of LXP Industrial Trust (formerly Lexington Realty Trust) (the &#8220;Trust&#8221;) registered hereby consist of (a) 4,000,000 Common Shares available for issuance pursuant to the LXP Industrial Trust 2022 Equity-Based Award Plan (the &#8220;2022 Plan&#8221;) and (b) 2,070,924 Common Shares that were subject to outstanding awards under the Lexington Realty Trust Amended and Restated 2011 Equity-Based Award Plan on the date the 2022 Plan was approved. Pursuant to Rule 416 under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), this registration statement also covers an indeterminate number of additional securities that may become issuable in accordance with the adjustment and changes in capitalization provisions of the 2022 Plan.</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt">(2)</TD><TD STYLE="text-align: justify">Estimated pursuant to Rule 457(c) and 457(h) under the Securities Act solely for the purpose of calculating
the registration fee based upon the average of the high and low reported sale prices of the Common Shares on The New York Stock Exchange
on June 29, 2022.</TD></TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: middle; text-align: center"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>n3045_g001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 n3045_g001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1" !  G # 2(  A$! Q$!_\0
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M !1110!!?" V4QNP#;JA:0'I@<G^5<F85L(;*YE6V9Q$9A:R%MV7D!PG;(W
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M(TDB3PLA!9B0.1S@8'%:U+52GS;BC'EV/.O%=I=1^/\ 2=9TNRNY_)(CNC'
MYP <9SCGY6/3TI/'4-SJ^OZ#/865[-%:S;IF%LXV#<I[CV->C452JVMIL2Z=
M[^9R?BO4KW4M)GTO1=-O9[B[7RC*\+11QJ>I+-CMZ53N?#[:#\-)]%@26YNY
MH7SY,3-OD/)Z#@=AGTKN**2J622&X7=V<?X%F;2/"-I:7]K>0W$9?<AM9"1E
MB1T'I4NHZW=:AK.EV=CI>HBW%TLEQ<RV[(@4 D 9YZXKJZ*3FG)RL"C9)7/.
M3#<_\+;&K_8KW^S_ "=GG?9GQGR\=,9ZUU][XBBM8&>*QU*Y<#B.*TDR3]2
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M_P"_W_UJ +5%5?.O/^?1/^_W_P!:CSKS_GT3_O\ ?_6H M455\Z\_P"?1/\
MO]_]:CSKS_GT3_O]_P#6H M455\Z\_Y]$_[_ '_UJ/.O/^?1/^_W_P!:@"U1
M57SKS_GT3_O]_P#6H\Z\_P"?1/\ O]_]:@"U157SKS_GT3_O]_\ 6H\Z\_Y]
M$_[_ '_UJ +5%5?.O/\ GT3_ +_?_6H\Z\_Y]$_[_?\ UJ +5%5?.O/^?1/^
M_P!_]:CSKS_GT3_O]_\ 6H M455\Z\_Y]$_[_?\ UJ/.O/\ GT3_ +_?_6H
MM455\Z\_Y]$_[_?_ %J/.O/^?1/^_P!_]:@"U157SKS_ )]$_P"_W_UJ/.O/
M^?1/^_W_ -:@"U157SKS_GT3_O\ ?_6H\Z\_Y]$_[_?_ %J +5%5?.O/^?1/
M^_W_ -:CSKS_ )]$_P"_W_UJ +5%5?.O/^?1/^_W_P!:CSKS_GT3_O\ ?_6H
M M455\Z\_P"?1/\ O]_]:CSKS_GT3_O]_P#6H M455\Z\_Y]$_[_ '_UJ/.O
M/^?1/^_W_P!:@"U157SKS_GT3_O]_P#6H\Z\_P"?1/\ O]_]:@"U157SKS_G
MT3_O]_\ 6H\Z\_Y]$_[_ '_UJ +5%5?.O/\ GT3_ +_?_6H\Z\_Y]$_[_?\
MUJ +5%5?.O/^?1/^_P!_]:CSKS_GT3_O]_\ 6H M455\Z\_Y]$_[_?\ UJ/.
MO/\ GT3_ +_?_6H M455\Z\_Y]$_[_?_ %J/.O/^?1/^_P!_]:@"U157SKS_
M )]$_P"_W_UJ/.O/^?1/^_W_ -:@"U157SKS_GT3_O\ ?_6H\Z\_Y]$_[_?_
M %J +5%5?.O/^?1/^_W_ -:CSKS_ )]$_P"_W_UJ +5%5?.O/^?1/^_W_P!:
MCSKS_GT3_O\ ?_6H M455\Z\_P"?1/\ O]_]:CSKS_GT3_O]_P#6H M455\Z
9\_Y]$_[_ '_UJL1EF0&10K'J <X_&@#_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>n3045_g002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 n3045_g002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1" !  G # 2(  A$! Q$!_\0
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M-[;,9S^50Z?KFGZI*T5G<K)(J[BA4JVWUP0./>G9BNC0HHHI#"BBB@ HHHH
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MI/\ XJ@"W153[7/_ ,^$_P#WTG_Q5'VN?_GPG_[Z3_XJ@"W153[7/_SX3_\
M?2?_ !5'VN?_ )\)_P#OI/\ XJ@"W153[7/_ ,^$_P#WTG_Q5'VN?_GPG_[Z
M3_XJ@"W153[7/_SX3_\ ?2?_ !5'VN?_ )\)_P#OI/\ XJ@"W153[7/_ ,^$
M_P#WTG_Q5'VN?_GPG_[Z3_XJ@"W153[7/_SX3_\ ?2?_ !5'VN?_ )\)_P#O
MI/\ XJ@"W153[7/_ ,^$_P#WTG_Q5'VN?_GPG_[Z3_XJ@"W153[7/_SX3_\
M?2?_ !5'VN?_ )\)_P#OI/\ XJ@"W153[7/_ ,^$_P#WTG_Q5'VN?_GPG_[Z
M3_XJ@"W153[7/_SX3_\ ?2?_ !5'VN?_ )\)_P#OI/\ XJ@"W153[7/_ ,^$
M_P#WTG_Q5'VN?_GPG_[Z3_XJ@"W153[7/_SX3_\ ?2?_ !5'VN?_ )\)_P#O
MI/\ XJ@"W153[7/_ ,^$_P#WTG_Q5'VN?_GPG_[Z3_XJ@"W153[7/_SX3_\
M?2?_ !5'VN?_ )\)_P#OI/\ XJ@"W153[7/_ ,^$_P#WTG_Q5'VN?_GPG_[Z
M3_XJ@"W153[7/_SX3_\ ?2?_ !5'VN?_ )\)_P#OI/\ XJ@"W153[7/_ ,^$
M_P#WTG_Q5'VN?_GPG_[Z3_XJ@"W153[7/_SX3_\ ?2?_ !5'VN?_ )\)_P#O
MI/\ XJ@"W153[7/_ ,^$_P#WTG_Q5'VN?_GPG_[Z3_XJ@"W153[7/_SX3_\
M?2?_ !5'VN?_ )\)_P#OI/\ XJ@"W153[7/_ ,^$_P#WTG_Q5'VN?_GPG_[Z
M3_XJ@"W153[7/_SX3_\ ?2?_ !5'VN?_ )\)_P#OI/\ XJ@"W153[7/_ ,^$
M_P#WTG_Q5'VN?_GPG_[Z3_XJ@"W153[7/_SX3_\ ?2?_ !5'VN?_ )\)_P#O
MI/\ XJ@"W153[7/_ ,^$_P#WTG_Q5'VN?_GPG_[Z3_XJ@"W153[7/_SX3_\
M?2?_ !5'VN?_ )\)_P#OI/\ XJ@"W153[7/_ ,^$_P#WTG_Q5'VN?_GPG_[Z
M3_XJ@"W153[7/_SX3_\ ?2?_ !5'VN?_ )\)_P#OI/\ XJ@"W153[7/_ ,^$
M_P#WTG_Q5'VN?_GPG_[Z3_XJ@"W153[7/_SX3_\ ?2?_ !5'VN?_ )\)_P#O
MI/\ XJ@"W153[7/_ ,^$_P#WTG_Q5'VN?_GPG_[Z3_XJ@"W153[7/_SX3_\
M?2?_ !5'VN?_ )\)_P#OI/\ XJ@"W153[7/_ ,^$_P#WTG_Q5'VN?_GPG_[Z
M3_XJ@"W153[7/_SX3_\ ?2?_ !5'VN?_ )\)_P#OI/\ XJ@"W153[7/_ ,^$
M_P#WTG_Q5'VN?_GPG_[Z3_XJ@"W153[7/_SX3_\ ?2?_ !5'VN?_ )\)_P#O
MI/\ XJ@"W153[7/_ ,^$_P#WTG_Q5'VN?_GPG_[Z3_XJ@"W153[7/_SX3_\
8?2?_ !5/BN)9) KVLL8_O,RD?H30!__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
