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Innovative Industrial Properties Acquires Property in Ohio and Enters Into Long-Term Lease with Cresco Labs



SAN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Ohio, which comprises approximately 50,000 square feet of industrial space in the aggregate. The purchase price for the property was approximately $10.6 million in total (excluding transaction costs). Concurrent with the closi

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