Pot-Focused REIT Seals $12.4M NJ Deal With Columbia Care
Law360 (July 20, 2020, 10:57 PM EDT) -- Cannabis-focused real estate investment trust Innovative Industrial Properties Inc. announced Monday that it had closed two New Jersey property deals valued at $12.4 million and agreed to lease the locations to subsidiaries of pot giant Columbia Care.
The properties include a 50,000-square-foot industrial space and 4,000-square-foot dispensary location to be used for cultivation and retail, respectively, in the state's medical cannabis program, the publicly traded REIT said Monday.
"As one of the largest cannabis operators, Columbia Care is dedicated to providing the highest quality products and services to patients and customers, and we look forward to supporting them as a long-term...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!