Safe and Green Development Corporation Executes Contract to Sell St Mary’s Site for $1.35M

February 5, 2024

https://www.globenewswire.com/news-release/2024/02/05/2823583/0/en/Safe-and-Green-Development-Corporation-Executes-Contract-to-Sell-St-Mary-s-Site-for-1-35M.html

MIAMI, Fla, Feb. 05, 2024 (GLOBE NEWSWIRE) — Safe and Green Development Corporation (NASDAQ:SGD) (“SG Devco” or the “Company”) is pleased to announce that it has entered into an agreement to sell its St Mary’s property to Pigmental Studios for $1.35 million. The St Mary’s property consists of approximately 29 acres zoned for a manufacturing facility. After discussions with the City & Pigmental Studios, the Company decided to sell the property to accommodate Pigmental Studios’ expansion in the area. The Company remains interested in the St Mary’s region and will remain active via its investment in the Cumberland Inlet Project.

Read more at globenewswire.com

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