Commitments and Contingencies	6 Months Ended
May 31, 2019
Commitments and Contingencies
Commitments and Contingencies	8. Commitments and Contingencies As of May 31, 2019, Griffin had committed purchase obligations of approximately $7,732, principally related to the completion of construction of two industrial/warehouse buildings totaling approximately 283,000 square feet in Concord, North Carolina, as well as improvements at other Griffin properties. On January 11, 2018, Griffin entered into an agreement to purchase an approximately 14 acre parcel of undeveloped land in the Lehigh Valley of Pennsylvania (the “Lehigh Valley Land”). Subsequently, the agreement was amended to reduce the purchase price from $3,600 in cash to $3,100 in cash. During the process of obtaining government approvals to construct an approximately 156,000 square foot industrial/warehouse building on the Lehigh Valley Land, it was determined that certain wetlands could not be disturbed, thereby reducing the size of the potential industrial/warehouse building on the site. Griffin currently is evaluating the feasibility of developing a smaller building on the site and negotiating with the seller regarding a reduction to the $3,100 purchase price to reflect the lower development potential for the Lehigh Valley Land. The closing of this purchase is subject to several conditions, including reaching an agreement with the seller on a revised purchase price and determining the potential receipt of the required governmental approvals for Griffin’s revised development plans for the Lehigh Valley Land. There is no guarantee that Griffin and the seller will reach an agreement on a revised purchase price or that this transaction will be completed under revised terms, or at all. On June 26, 2018, Griffin entered into an agreement to purchase approximately 36 acres of undeveloped land in Mecklenburg County, North Carolina in the greater Charlotte area (the “Mecklenburg Land”) for approximately $4,700 in cash. On December 5, 2018, Griffin entered into an agreement to purchase approximately 9 acres of undeveloped land (the “Additional Mecklenburg Land”) that is adjacent to the Mecklenburg Land for approximately $900 in cash. If acquired, the Additional Mecklenburg Land would be combined with the Mecklenburg Land, enabling Griffin to construct more industrial/warehouse space than could be constructed on the Mecklenburg Land only. Griffin plans to construct approximately 500,000 square feet of industrial/warehouse space on the Mecklenburg Land and Additional Mecklenburg Land combined parcels. Closings on the purchases of the Mecklenburg Land and the Additional Mecklenburg Land are subject to several conditions, including obtaining all governmental approvals for Griffin’s development plans. Griffin would only complete the purchase of the Additional Mecklenburg Land if the Mecklenburg Land is acquired. The closings on the purchases of the Mecklenburg Land and the Additional Mecklenburg Land are not anticipated to take place until the third quarter of fiscal 2019. There is no guarantee that purchases of the Mecklenburg Land and the Additional Mecklenburg Land will be completed under their current terms, or at all. From time to time, Griffin is involved, as a defendant, in various litigation matters arising in the ordinary course of business. In the opinion of management, based on the advice of legal counsel, the ultimate liability, if any, with respect to these matters is not expected to be material, individually or in the aggregate, to Griffin's consolidated financial position, results of operations or cash flows.

8. Commitments and Contingencies

As of May 31, 2019, Griffin had committed purchase obligations of approximately $7,732, principally related to the completion of construction of two industrial/warehouse buildings totaling approximately 283,000 square feet in Concord, North Carolina, as well as improvements at other Griffin properties.

On January 11, 2018, Griffin entered into an agreement to purchase an approximately 14 acre parcel of undeveloped land in the Lehigh Valley of Pennsylvania (the “Lehigh Valley Land”). Subsequently, the agreement was amended to reduce the purchase price from $3,600 in cash to $3,100 in cash. During the process of obtaining government approvals to construct an approximately 156,000 square foot industrial/warehouse building on the Lehigh Valley Land, it was determined that certain wetlands could not be disturbed, thereby reducing the size of the potential industrial/warehouse building on the site. Griffin currently is evaluating the feasibility of developing a smaller building on the site and negotiating with the seller regarding a reduction to the $3,100 purchase price to reflect the lower development potential for the Lehigh Valley Land. The closing of this purchase is subject to several conditions, including reaching an agreement with the seller on a revised purchase price and determining the potential receipt of the required governmental approvals for Griffin’s revised development plans for the Lehigh Valley Land. There is no guarantee that Griffin and the seller will reach an agreement on a revised purchase price or that this transaction will be completed under revised terms, or at all.

On June 26, 2018, Griffin entered into an agreement to purchase approximately 36 acres of undeveloped land in Mecklenburg County, North Carolina in the greater Charlotte area (the “Mecklenburg Land”) for approximately $4,700 in cash. On December 5, 2018, Griffin entered into an agreement to purchase approximately 9 acres of undeveloped land (the “Additional Mecklenburg Land”) that is adjacent to the Mecklenburg Land for approximately $900 in cash. If acquired, the Additional Mecklenburg Land would be combined with the Mecklenburg Land, enabling Griffin to construct more industrial/warehouse space than could be constructed on the Mecklenburg Land only. Griffin plans to construct approximately 500,000 square feet of industrial/warehouse space on the Mecklenburg Land and Additional Mecklenburg Land combined parcels. Closings on the purchases of the Mecklenburg Land and the Additional Mecklenburg Land are subject to several conditions, including obtaining all governmental approvals for Griffin’s development plans. Griffin would only complete the purchase of the Additional Mecklenburg Land if the Mecklenburg Land is acquired. The closings on the purchases of the Mecklenburg Land and the Additional Mecklenburg Land are not anticipated to take place until the third quarter of fiscal 2019. There is no guarantee that purchases of the Mecklenburg Land and the Additional Mecklenburg Land will be completed under their current terms, or at all.

From time to time, Griffin is involved, as a defendant, in various litigation matters arising in the ordinary course of business. In the opinion of management, based on the advice of legal counsel, the ultimate liability, if any, with respect to these matters is not expected to be material, individually or in the aggregate, to Griffin's consolidated financial position, results of operations or cash flows.