Commercial cannabis growing operations cut into industrial real estate supply

The thriving and consistently crowded industrial real estate market has recently had to accommodate an increasing number of cannabis growing and processing plants in the municipalities that allow them.

However, in many cases, cannabis construction in these municipalities has led to the multi-million-dollar rehabilitation of obsolete industrial facilities.

Chicago-based Cresco Labs LLC had its first harvest two weeks ago at its newly opened, 110,000-square-foot facility at 210 Oliver Drive in Marshall, the former site of a Win Schuler and Campbell Soup Co. factory.