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Innovative Industrial Properties Buys Regulated Cannabis Cultivation and Processing Facility in Ohio

Sale-Leaseback Ttransaction Marks IIP’s Third Acquisition, Lease With Cresco
(iStock)
(iStock)
By Kalie Miller
CoStar Research
January 29, 2020 | 7:26 P.M.

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, has purchased an industrial facility in Yellow Springs, Ohio, from Cresco Labs for $10.6 million, or $212 per square foot.

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IN THIS ARTICLE


  • Properties
  • Contacts
    • Paul Smithers

      Chief Executive Officer, President, and Director, Innovative Industrial Properties