Jun 22, 2022
Innovative Industrial commits $22 million to greenhouse aquisition
BASTROP – Cannabis company Texas Original Holdings LLC has sold its new headquarters facility in Bastrop in a sale-leaseback arrangement.Innovative Industrial Properties Inc. acquired the property for $12 million.The 85,0000-sf industrial...
BASTROP – Cannabis company Texas Original Holdings LLC has sold its new headquarters facility in Bastrop in a sale-leaseback arrangement.
Innovative Industrial Properties Inc. acquired the property for $12 million.
The 85,0000-sf industrial and hybrid greenhouse facility is currently under construction and will be completed in early 2023. Innovative Industrial is committing $10 million toward completion of the facility.
The complex comprises multiple buildings for cultivation, distribution, delivery, and logistics.
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