SAFE AND GREEN DEVELOPMENT CORPORATION EXECUTES CONTRACT FOR $6.575 MILLION SALE OF LAGO VISTA PROPERTY
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Safe and Green Development Corporation (NASDAQ: SGD) has executed a $6.575 million contract for the sale of its Lago Vista property to Lithe Development Inc. This transaction involves the company's subsidiary, LV Peninsula Holding LLC.
February 04, 2025 | 2:15 pm
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Safe and Green Development Corporation has sold its Lago Vista property for $6.575 million, potentially impacting its financial position positively.
The sale of the Lago Vista property for $6.575 million is a significant transaction for SGD, likely improving its cash position and financial health. This could lead to a positive short-term impact on the stock price as investors may view the sale as a strategic move to unlock value.
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