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Pot Co 4Front Signs $52M Lease Deal With REIT

ADVERTISEMENT ADVERTISEMENT Pot Co. 4Front Signs $52M Lease Deal With REIT Law360 (March 17, 2021, 2:09 PM EDT) Multistate cannabis company 4Front Ventures has entered into a leasing deal with pot real estate investment trust Innovative Industrial Properties for a cultivation center and manufacturing plant in Illinois, agreeing to rent the property after the firm buys it and puts in $45 million of upgrades. 4Front said Monday it is part of a three-way transaction between the property s owner and the REIT for the facility, which could span up to 588,000 square feet of cultivation and processing when built. Innovative Industrial Properties has agreed to buy the land where the cultivation center will be built for $6.5 million and then.

IIPR, 4Front Ventures Ink Another Sale-Leaseback Deal Totaling $51 5M

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