Griffin Land & Nurseries Inc. recently purchased an approximately 300,000-square-foot warehouse facility in Manchester, Conn.

The purchase price of $13.5 million was paid in cash at closing principally using the proceeds Griffin received from its recently completed sale of approximately 130 acres of undeveloped land in Windsor and East Granby, Conn.

The warehouse facility was owner occupied prior to this transaction but was vacant at closing and is being marketed for lease by Griffin Land, Griffin’s real estate division. This acquisition will increase the square footage in Griffin Land’s portfolio of warehouse and light industrial properties by approximately 30 percent, according to a press statement.

Griffin operates a real estate business under its Griffin Land division and a landscape nursery business, Imperial Nurseries Inc.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription