Henry County eyes $1.2M sale of 1,200-acre industrial site

Henry County’s Industrial Development Authority has signed a purchase-option deal with an unnamed company for the potential sale of a 1,200-acre, undeveloped industrial site adjacent to the county’s Patriot Centre Industrial Park, according to a news release.

The potential buyer negotiated a six-month purchase option agreement with the IDA for $50,000.

The deal gives the business the exclusive right, but not the obligation, to buy the site, which is officially called Patriot Centre II but is commonly known as the Bryant property, for $1.2 million, according to the announcement. The agreement allows the company to conduct environmental studies, feasibility studies and planning at the site. The option can be extended by another six months for an additional $50,000.

“This agreement represents an exciting opportunity for our community,” Dale Wagoner, county administrator and executive director of the IDA, said in a statement. “If it moves forward, it could lead to significant capital investment and bring high-paying jobs to Henry County —exactly the kind of growth we want to support our residents and future generations.”

If the company decides to purchase the site, the sale will include a performance agreement with the IDA to incentivize targeted capital investment and job creation, according to the news release.

Businesses located in the Patriot Centre Industrial Park include Howmet Aerospace and Eastman.