Dubin and Rodriguez of Savitt lease 7,000 s/f for medical cannabis

February 19, 2019 - Shopping Centers
Michael Dubin, Savitt

 

Hector Rodriguez, Savitt

 

Brooklyn, NY After successfully launching the first patient-focused medical cannabis dispensary in Manhattan at 212 East 14th St., Columbia Care NY, one of the nation’s leading medical cannabis companies, has now leased 7,000 s/f of retail space to house its second NYC dispensary. The Savitt Partners team of Michael Dubin and Hector Rodriguez advised Columbia Care NY and represented the medical cannabis company in the lease. 

Craig Berman of Joseph P. Day represented the building ownership in the lease negotiations. 

212 East 14th Street - Brooklyn, NY

Located at 44 Court St., the 7,000 s/f retail space is ideal for Columbia Care NY. From this location, which consists of 4,500 s/f on the ground floor and 2,500 s/f on the lower level, Columbia Care NY will offer home delivery in addition to in-person pharmacist consultations and dispensing services. Further, the space represents the firm’s rapid expansion as the medical cannabis industry continues to evolve. 

“Columbia Care experienced a great reception from the community when it opened its first location in Manhattan and was welcomed by the ownership of 44 Court St.,” said Rodriguez. “As the medical cannabis industry has evolved, more and more communities have welcomed companies like Columbia Care that provide a vital service to patients. The Court St. space represents a first-of-its-kind facility in this neighborhood.”

In addition to its Manhattan location and upcoming newest Brooklyn dispensary, the medical cannabis company is cultivating, processing and dispensing pharmaceutical-quality cannabinoid-based products in Rochester, N.Y. at the Eastman Business Park in Monroe County and has a dispensary-only facility in Riverhead, N.Y. in Suffolk County. Columbia Care NY was one of the first five companies awarded a license to cultivate, process and dispense medical cannabis products in New York State.  

Savitt Partners is a full-service commercial real estate company headquartered in New York City. Founded by Bob Savitt, the firm owns and/or operates a portfolio totaling nearly three million square feet of office and showroom buildings in Manhattan, including 530 Seventh Avenue, 499 Seventh Avenue, 11 West 19th Street, 218 West 40th Street, 693 Fifth Avenue, 1385 Broadway, 142 West 36th Street, 234 West 39th Street, and 525 Seventh Avenue. In addition to overseeing the leasing and management of its own assets, the firm provides superior leasing, asset and property management and investment services to other quality owners and tenants.

 

Comments

Add Comment


More from the New York Real Estate Journal