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Cannabis REIT Buys Massachusetts Facility for $26.8 Million

Ascend Wellness Holdings to Continue Operations As Licensed Cannabis Cultivation and Processing Facility
(iStock)
(iStock)
By John Lucero
CoStar Research
April 6, 2020 | 6:59 P.M.

Cannabis real estate investment trust Innovative Industrial Properties (IIP) has purchased a 199,000-square-foot industrial facility in Athol, Massachusetts, for $26.8 million, or about $135 per square foot.

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