Subsequent Event

6 Months Ended

Jun. 02, 2012

Subsequent Event

Subsequent Event

13. Subsequent Event

On July  , 2012, Griffin Land closed on the sale of approximately 93 acres of undeveloped land in New England Tradeport, Griffin Land’s industrial park in Windsor and East Granby, Connecticut for cash consideration of $7.0 million, before transaction expenses.  At closing, the sale proceeds were placed in escrow for the potential purchase of a replacement property under a Section 1031 like-kind exchange although Griffin has not yet identified a replacement property.  If a Section 1031 like-kind exchange transaction is not completed, the escrowed funds will be returned to Griffin.