Commercial cannabis growing operations cut into industrial real estate supply

The thriving and consistently crowded industrial real estate market has recently had to accommodate an increasing number of cannabis growing and processing plants in the municipalities that allow them. However, in many cases, cannabis construction in these municipalities has led to the multi-million-dollar rehabilitation of obsolete industrial facilities.

Chicago-based Cresco Labs LLC had its first harvest two weeks ago at its newly opened, 110,000-square-foot facility at 210 Oliver Drive in Marshall, the former site of a Win Schuler and Campbell Soup Co. factory. 

“A ton goes into [choosing the location] because the building has to function as an indoor horticultural facility, so it’s unique in that it has to have facilities for horticulture, product manufacturing, a distribution hub with warehousing, and you need office space, too,” Cresco Labs CEO and co-founder Charlie Bachtell told.

Read more at mibiz.com


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