Orion Group subsidiary agrees to sell 341 acres in Texas for $30.5M

Orion Group Holdings Inc

Subsidiary East & West Jones Placement Areas, LLC enters agreement to sell 341.3 acres in Harris County, TX.
Purchase price of $30.5 million; buyer is Capital Development Partners Acquisitions, LLC.
Closing anticipated on or before September 30, 2024, subject to customary due diligence.
Property subject to deed restrictions: no residential/health care use for 50 years, no dredging for 5 years.
Earnest money of $150,000 to be deposited; Purchaser has 75-day inspection period.

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