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Connecticut-based cannabis logistics investor NewLake
Capital Partners has acquired two new industrial facilities and signed a NNN
lease deal with medical marijuana dispenser, The Mint.
NewLake has acquired a 40,000 s/f industrial property in
Palmer, Massachusetts, which The Mint, a multi-state cannabis operator based in
Tempe, Arizona, will operate a as a licensed cultivation and processing
facility.
NewLake and The Mint have also entered into a definitive agreement to purchase a property in Phoenix, Arizona for the build-out of a 125,000 s/f cultivation and processing facility. The deal is subject to final municipal approvals and is expected to close within the next 90 days.