Key Takeaways
- • Tower Commercial Real Estate has launched a dedicated cannabis division, capitalizing on $50 million in closed cannabis-related retail and industrial transactions over the preceding 18 months.
- • The firm has an additional $15 million in cannabis transactions in its pipeline expected to close by year-end 2019, signaling continued momentum in the sector.
- • The new division focuses on retail and industrial property types within the cannabis sector, expanding Tower CRE's service offerings across its Southeast markets including Miami and Orlando.
- • The formation of a dedicated cannabis division reflects growing institutional interest in real estate services tailored to the rapidly evolving cannabis industry.
Summary
Tower Commercial Real Estate has established a new cannabis division, responding to accelerating demand for specialized real estate services within the cannabis sector. The decision to launch the dedicated division was prompted by the firm's success in closing $50 million in cannabis-related retail and industrial transactions during the 18-month period preceding the announcement. This transaction volume demonstrates meaningful market traction and positions Tower CRE to capture additional opportunities in a sector experiencing significant real estate activity.
The firm's pipeline reflects continued momentum, with an additional $15 million in cannabis transactions expected to close by the end of 2019. This near-term activity suggests sustained demand for commercial real estate services in cannabis retail and industrial segments. The new division allows Tower CRE to develop sector-specific expertise and streamline service delivery for cannabis-focused clients seeking property acquisition, leasing, and capital markets solutions.
The initiative underscores a broader trend of real estate firms building specialized competencies around cannabis as regulatory environments evolve and the sector matures. By dedicating resources to cannabis transactions, Tower CRE positions itself to serve operators, investors, and capital providers navigating the complex real estate requirements of cannabis retail and industrial operations across the Southeast region.
The firm's pipeline reflects continued momentum, with an additional $15 million in cannabis transactions expected to close by the end of 2019. This near-term activity suggests sustained demand for commercial real estate services in cannabis retail and industrial segments. The new division allows Tower CRE to develop sector-specific expertise and streamline service delivery for cannabis-focused clients seeking property acquisition, leasing, and capital markets solutions.
The initiative underscores a broader trend of real estate firms building specialized competencies around cannabis as regulatory environments evolve and the sector matures. By dedicating resources to cannabis transactions, Tower CRE positions itself to serve operators, investors, and capital providers navigating the complex real estate requirements of cannabis retail and industrial operations across the Southeast region.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.