Brief: Cresco Labs Enters Into Sale-And-Leaseback Agreement With Innovative Industrial Properties For Illinois Facilities
27/09/2019 12:15
Sept 27 (Reuters) - Cresco Labs Inc CL.CD :
* CRESCO LABS ENTERS INTO SALE-AND-LEASEBACK AGREEMENT WITH
INNOVATIVE INDUSTRIAL PROPERTIES FOR ILLINOIS FACILITIES
* CRESCO LABS - SIGNED BINDING AGREEMENT TO SELL JOLIET &
KANKAKEE, ILLINOIS PROPERTIES TO INNOVATIVE INDUSTRIAL
PROPERTIES, INC. FOR ABOUT $46.3 MILLION
* CRESCO LABS- CONCURRENT WITH CLOSING OF SALE, CO WILL
ENTER INTO
LONG-TERM, TRIPLE-NET LEASE AGREEMENT WITH IIP
Source text for Eikon: ID:nBw6Blmsfa
Further company coverage: CL.CD
((Reuters.Briefs@thomsonreuters.com;))
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