RenX Enterprises agrees to sell Norman Berry property in Georgia for $2.6 million
RENX•Closing conditions
Closing hinges on due diligence, state program allocations expected in 1H 2027, financing, and related extension rights.
Expected use of proceeds
About $800,000 is expected to repay two notes held against the property, including accrued interest. The remaining proceeds of about $1.8 million would be split by the venture, implying about $900,000 to RenX.
Planned funding use and timing
Funds are earmarked for Myakka City, Florida operations, including commissioning a Microtec milling system in 2H 2026.
Sale agreement for East Point property
A RenX joint venture signed an agreement to sell the 7.7-acre Norman Berry property in East Point, Georgia for $2.6 million.
