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Fri, Jul 1
A Compendium of Property & Capital News
Fri
Jul 1
A Compendium of Property & Capital News

Recent Trades

56,500 SF Cannabis Facility Sells for $40 million to California REIT

May 18, 2022 $40M
Tilt Holdings, through its Commonwealth Alternative Care Inc subsidiary, has sold its Taunton, Massachusetts property for $40 million, according to filings at the Northern Bristol Registry of Deeds. The medical cannabis dispensary opened in August of 2018 and is now licensed for both medical and recreational sales; there is a 56,500 square-foot cultivation and processing facility located onsite.

The buyer is an affiliate of Innovative Industrial Properties, Inc., a Maryland-based REIT described as "the Leading Provider of Real Estate Capital for the Regulated Cannabis Industry," on its website. It signed a 30-year lease with Commonwealth for the property, with two 5-year extensions.

Commonwealth Alternative Care Inc purchased the facility for $13,046,802,90 from 30 Mozzone Boulevard 2013 Realty Trust, Daniel G DaRosa, Trustee.
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