{"id":1004175506,"date":"2017-05-08T09:13:23","date_gmt":"2017-05-08T17:13:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004175506"},"modified":"2022-12-08T20:26:52","modified_gmt":"2022-12-09T04:26:52","slug":"cannabis-cultivation-facility-coming-to-maryland","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/","title":{"rendered":"Cannabis Cultivation Facility Coming to Maryland"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004175508\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004175508\" data-attachment-id=\"1004175508\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/9220-alaking-court\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"9220 Alaking Court, Md.\" data-image-description=\"&lt;p&gt;9220 Alaking Court, Md.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;9220 Alaking Court, Md.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png?w=800\" loading=\"lazy\" class=\"wp-image-1004175508 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png\" alt=\"9220 Alaking Court, Md.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004175508\" class=\"wp-caption-text\">9220 Alaking Court, Md.<\/p><\/div>\n<p>Innovative Industrial Properties Inc. has entered an agreement to purchase a\u00a072,000-square-foot industrial building at 9220 Alaking Court in Capitol Heights, Md. The transaction is expected to close by the end of the second quarter and the initial purchase price is $8 million.<\/p>\n<p>Innovative Industrial Properties will also provide improvement work reimbursements to the seller, Willco Construction Co., and tenant-to-be, Holistic Industries Inc., of up to $3 million and $4 million, respectively. This brings the total acquisition cost to $15 million.<\/p>\n<p>Holistic plans to start leasing the property in the third quarter of 2017, after development work is finalized, and to transform the facility into the only medical-use cannabis cultivation place in the county. The tenant is one of the 15 companies in Maryland that have provisional approval for cultivating, processing and dispensing cannabis for medical use.<\/p>\n<p>Innovative Industrial Properties Inc. and Holistic are expected to close a 16-year triple net lease with three renewal options of five years each.<\/p>\n<p><em>Image via Google Satellite Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Innovative Industrial Properties has agreed to acquire a 72,000-square-foot building in Capitol Heights, Md., which will be leased and operated by Holistic Industries.<\/p>\n","protected":false},"author":1064,"featured_media":1004175508,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,1615],"tags":[35351,35350,35349],"class_list":["post-1004175506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-washington-dc","tag-holistic-industries-inc","tag-innovative-industrial-properties-inc","tag-willco-construction"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cannabis Cultivation Facility Coming to Maryland - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cannabis Cultivation Facility Coming to Maryland\" \/>\n<meta property=\"og:description\" content=\"Innovative Industrial Properties has agreed to acquire a 72,000-square-foot building in Capitol Heights, Md., which will be leased and operated by Holistic Industries.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-08T17:13:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:26:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/\",\"name\":\"Cannabis Cultivation Facility Coming to Maryland - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png\",\"datePublished\":\"2017-05-08T17:13:23+00:00\",\"dateModified\":\"2022-12-09T04:26:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fea14f28ef4cea0e4f36b0516e632ebb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png\",\"width\":800,\"height\":600,\"caption\":\"9220 Alaking Court, Md.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cannabis Cultivation Facility Coming to Maryland\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fea14f28ef4cea0e4f36b0516e632ebb\",\"name\":\"Gabriel Circiog\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g\",\"caption\":\"Gabriel Circiog\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gabrielcirciog\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Cannabis Cultivation Facility Coming to Maryland - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/","og_locale":"en_US","og_type":"article","og_title":"Cannabis Cultivation Facility Coming to Maryland","og_description":"Innovative Industrial Properties has agreed to acquire a 72,000-square-foot building in Capitol Heights, Md., which will be leased and operated by Holistic Industries.","og_url":"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-05-08T17:13:23+00:00","article_modified_time":"2022-12-09T04:26:52+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png","type":"image\/png"}],"author":"Gabriel Circiog","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/","url":"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/","name":"Cannabis Cultivation Facility Coming to Maryland - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png","datePublished":"2017-05-08T17:13:23+00:00","dateModified":"2022-12-09T04:26:52+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fea14f28ef4cea0e4f36b0516e632ebb"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png","width":800,"height":600,"caption":"9220 Alaking Court, Md."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cannabis-cultivation-facility-coming-to-maryland\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Cannabis Cultivation Facility Coming to Maryland"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fea14f28ef4cea0e4f36b0516e632ebb","name":"Gabriel Circiog","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g","caption":"Gabriel Circiog"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/gabrielcirciog\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/9220-Alaking-Court.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004175506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1064"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004175506"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004175506\/revisions"}],"predecessor-version":[{"id":1004531948,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004175506\/revisions\/1004531948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004175508"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004175506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004175506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004175506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}