Lower overhead helped New York landowner Griffin Land & Nurseries Inc. narrow its fiscal second-quarter loss.
For three months ended June 2, Griffin lost $412,000, or 8 cents a fully diluted share, down from $629,000, or 12 cents a share, lost the comparable period a year ago.
Second-quarter revenues slipped to $12.7 million vs. $13.7 million last year.
Griffin said Thursday that after the of the quarter it agreed to lease 23,000 square feet of previously vacant space in one of its flex buildings and agreed to lease terms for 127,000 square feet in one of its warehouse buildings in New England Tradeport industrial park, straddling Windsor and East Granby.
In addition, Griffin closed the sale of some 93 undeveloped acres in the Tradeport for $7 million cash.
In May, the town of Windsor approved a zoning application from discount retailer Dollar Tree Inc. to build a 1 million-square-foot distribution center on the Tradeport acreage.
Griffin also owns Griffin Center office-industrial park in Windsor.
