- SG Blocks Inc. SGBX, on behalf of its development subsidiary, SGB Development Corp., executed a purchase agreement for a mixed-use property in Durant, Oklahoma, with 4.06 million square footage.
- The financial terms of the purchase agreement contract between the Durant Industrial Authority and SG Blocks were not disclosed.
- The company expects the McLean property site to yield 300 units of single-family housing and a manufacturing facility.
- The company anticipates the transaction for the 114 acres in Durant to close within the next sixty to ninety days.
- Price Action: SGBX shares closed lower by 1.74% at $2.83 on Thursday.
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