Safe & Green Holdings' subsidiary agrees to sell 27-acre industrial site for $1.35M

OLENOX INDUSTRIES INC.

SG DevCo to sell 27-acre industrial-zoned land in St. Mary’s, Georgia to Pigmental, LLC for $1.35M.
Consideration: $900K cash plus $450K promissory note at 10% interest, monthly payments of $3,750 starting May 1, 2024, maturing April 30, 2025, secured by mortgage.
Transaction expected to close on or about April 1, 2024, with outside date of April 30, 2024.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OLENOX INDUSTRIES INC. entered into Agreement of Sale with Pigmental, LLC valued at $1.35 million (effective 2024-01-31).

Action: entry
Agreement: asset purchase
Counterparty: Pigmental, LLC
Value: $1.35 million
Effective: 2024-01-31

Exact text from the filing

On January 31, 2024, Safe and Green Development Corporation (“SG DevCo”), a majority owned subsidiary of Safe & Green Holdings Corp., entered into an Agreement of Sale (the “Agreement of Sale”) with Pigmental, LLC, a Delaware limited liability company (“Pigmental Studios”), to sell approximately 27 acres of land zoned for a manufacturing facility in St. Mary’s, Georgia (the “St Mary’s Industrial Site”) owned by SG DevCo to Pigmental Studios for $1.35 million

View on SEC.gov

283 material agreements filed in the last 30 days. Browse all material agreements →

OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-010583

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.