Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

August 26, 2013

Griffin to dispose of Imperial nursery inventory

LISA WILDER

Griffin Land & Nurseries, a major Connecticut landlord, said it has signed a letter of intent with a private company to dispose of a subsidiary's landscape nursery growing operations.

Under the terms of the agreement, Griffin would sell Imperial Nurseries' inventory, with payments to be received over a series of years. The letter also calls for a long-term lease with a purchase option.

Griffin said it expects virtually all of Imperial’s operations and sales personnel to remain employed with the buyer.

The transaction is expected to close this fall.

Read more

Griffin’s 3Q revenue down 34 percent

CT nursery sale pushes Griffin into the red

Sign up for Enews

Most Recent

Most Recent

Related Content

Thumbnail UPS inks major lease for new construction in Windsor’s NE Tradeport
Thumbnail Landlord Griffin raises $27M in equity
Griffin Land's Pa. gambit finally draws a tenant
Griffin Land director May's extra duty

0 Comments

Order a PDF