B.H. Whitestone Group Ltd. signed an agreement to acquire land in 897 Herkimer Street, Brooklyn from a third party for $0.63 million on January 22, 2016. Out of the total consideration, $0.031 million were already paid, and the balance will be paid upon completion. The consideration was paid from B.H. Whitestone's own resources. The transaction is subject to standard pre-conditions and is expected to be completed within 4 months from date of agreement. B.H. Whitestone Group Ltd. cancelled the acquisition of land in 897 Herkimer Street, Brooklyn from a third party on January 22, 2017.