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Indoor Farming Firm AppHarvest Sells, Leases Back Kentucky Facility

Deal Shows Sustained Investor Interest in Net Leased Industrial Properties
The 15-acre AppHarvest farm in Berea, Kentucky, is a high-tech indoor facility for autonomously harvested leafy greens. (AppHarvest)
The 15-acre AppHarvest farm in Berea, Kentucky, is a high-tech indoor facility for autonomously harvested leafy greens. (AppHarvest)
CoStar News
December 29, 2022 | 11:35 P.M.

AppHarvest, a sustainable grower of fruits and vegetables, has sold its Berea, Kentucky, indoor farm for about $127 million and leased it back as demand for single-tenant industrial properties remains steady despite tightening capital markets.

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