Cannabis Hub for Growers, Processors to Open in Tacoma

A developer and his partners plan to turn part of a former food-processing plant in Tacoma, Washington State, into a hub for cannabis companies.

George Heidgerken and his partners in a company called That Other Stuff recently bought the former Nalley Fine Foods plant in an industrial area of Tacoma. They will use part of the 22 acres for warehousing and part of it for state-licensed cannabis growers and processors, according to the News Tribune.

The property has six buildings that cover about 400,000 square feet. The space has been remodeled to accommodate 16 companies.

At least one marijuana company is already operating on the property, while others are making renovations to the spaces they plan to move into.

Heidgerken and his partners provide water, power, gas, sewer access, sprinklers, restrooms and some security, charging $1.35 per square foot and nine cents per foot for parking. He told the paper his group is investing about $15 million in the project.

Heidgerken also owns a separate 20,000-square-foot building that is leased to a different marijuana business.

One comment on “Cannabis Hub for Growers, Processors to Open in Tacoma
  1. Geez on

    Green rush mentality on full display…. 1.35+ NNN is ridiculous and any company paying this will be out of business within a year to 18 months… These guys will make some short term money then be bummed when all their tenants go out of business.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *