SG Blocks, Inc. [NASDAQ: SGBX] executes the contract to purchase the 19 acre Echo sites and all of its multiple structures. The company reported the continuation of the Company’s expansion in Durant, Oklahoma at the SG Echo Factory site through this acquisition.
The Company expects to close on the Echo site roughly 60 days from today. One of the additional facilities will prove to be devoting facility for newly dispatched SG Home. Moreover, The SG Home office will be 60,000 sqft. Additionally, They will develop single-family homes for outsiders just as SG Blocks’ partnered projects.
“We are intending to make a-list eco-accommodating assembling grounds that is economical, energy effective, and forward-looking. We are now searching for solar and EV accomplices to assist us with guaranteeing that our vision springs up with the best and most brilliant included. That is how true innovation occurs.” Paul Galvin, Chairman, and CEO of SG Blocks