Griffin Announces Signing of Florida Farm Lease
NEW YORK, Aug. 3 /PRNewswire-FirstCall/ — Griffin Land & Nurseries, Inc. (Nasdaq: GRIF) (“Griffin”) announced that its landscape nursery business, Imperial Nurseries, Inc. (“Imperial”), has entered into an agreement for the lease of, and grant of an option to purchase, Imperial’s Quincy, Florida production nursery to Tri-B Nursery, Inc. (“Tri-B Nursery”), a member of the Berry family of nurseries. A preliminary agreement for this transaction was announced several weeks ago. The agreement with Tri-B Nursery provides for a six-year lease of the Florida facility and grants Tri-B Nursery an option to purchase the facility at any time during the lease … Read more