Griffin Industrial Realty has announced the firm has entered into a real estate sales contract for the sale of approximately 67 acres of undeveloped land for approximately $10.25 million, before transaction costs. The land to be sold is in Bloomfield, Connecticut at Phoenix Crossing, a 268 acre business park master planned by Griffin. The all cash sale is contingent on the buyer being able to secure all of the necessary final permits from government authorities for its development plans for the site and receiving any state economic development incentives it deems adequate.
