[email protected] 512-710-0337

Innovative Industrial commits $22 million to greenhouse aquisition

Austin Real Estate News

June 22, 2022

BASTROP – Cannabis company Texas Original Holdings LLC has sold its new headquarters facility in Bastrop in a sale-leaseback arrangement.

Innovative Industrial Properties Inc. acquired the property for $12 million.

The 85,0000-sf industrial and hybrid greenhouse facility is currently under construction and will be completed in early 2023. Innovative Industrial is committing $10 million toward completion of the facility.

The complex comprises multiple buildings for cultivation, distribution, delivery, and logistics.​​


You May Also Like…

1.1M-sf business park on the way to Georgetown

​​​GEORGETOWN – The W.D. Kelley Foundation is developing Bridge Business Park,
a 1.1 million-sf development at 5501 S. I-35.

The 92.2-acre campus will have office and flex space across seven buildings.
There will also be an outdoor amenity space and 1,500 parking spaces.

Construction begins next year.

read more