Griffin Land & Nurseries, Inc. (Griffin) along its subsidiaries is engaged in real estate business and a landscape nursery business. Griffin operates in two segments: real estate business and landscape nursery businesses. Griffin's real estate division, Griffin Land, builds, leases and manages commercial and industrial properties and plans residential subdivisions on its land in Connecticut, Massachusetts and Pennsylvania. Imperial Nurseries, Inc (Imperial), Griffin's subsidiary in the landscape nursery segment, is engaged in growing plants in containers, which are sold principally to independent retail garden centers, rewholesalers, mass merchandisers, home centers and landscape contractors. As of December 31, 2011, Griffin owned an approximate 4% interest in Centaur Media plc and an approximate 14% interest in Shemin Nurseries Holding Corp. In December 2012, Griffin announced that its real estate division, Griffin Land, acquired an approximate 49 acre parcel of undeveloped land.