Giving 100 million dollars more than what they paid to the Russians for a shell of a warehouse that has no water, no facilities, no nothing…in a town without the ability to furnish water, electricity, etc. to it? Wow….wish I had just a fraction of that wad of money.
Here’s some information on who they bought it from:
PNK S1, LLC is a subsidiary of PNK Group, an international industrial real estate developer.
Based on reports regarding a 2026 real estate transaction in Social Circle, Georgia, PNK Group is described as a Russia-based company founded and owned by Andrey Sharkov.
Key details regarding PNK S1, LLC:
Property Transaction: PNK S1, LLC purchased a 1.2-million-square-foot warehouse at 1365 East Hightower Trail in Social Circle, Georgia, in 2024 for approximately $29 million.
Sale to US Government: On February 3, 2026, PNK S1, LLC sold the property to the U.S. Department of Homeland Security (ICE) for $128.5 million, to be converted into an immigrant detention facility.
Ownership Background: PNK Group is a developer that utilizes industrial construction techniques, with projects in the United States, including Georgia and Pennsylvania.
Note: The information regarding the ownership and the transaction is based on reports from February 2026.
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