Real Estate Transactions

Richmond General Warehouse

We educated the City on the status of federal and state cannabis laws and the risks and rewards of the proposed project.

The City of Richmond’s Surplus Property Authority wanted to lease its 1942, waterfront warehouse that formerly held parts and materials used to build Liberty Ships. Our client, Richmond Grown, wanted to convert the 150,000 square-foot structure into a cannabis logistics center.

We educated the City on the status of federal and state cannabis laws and the risks and rewards of the proposed project. Finally we negotiated a 35-year lease, which made Richmond the first known City to lease public property to a cannabis enterprise.

The building’s Canal Blvd. location and access to freeways and the Bay make it an ideal site for cannabis commerce, where companies in all facets of the cannabis supply chain–from cultivators to distributors—will benefit from co-location.

 

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