Leading cannabis developer leases facility at Satsop Business Park
October 2016 – The Satsop Business Park’s 50,000 sq. ft. Enterprise Warehouse will soon be home to a world-class, indoor cannabis cultivation facility. On Tuesday, the Port of Grays Harbor Commissioners approved a 5 year lease with nine, 5-year options with the Fuller Hill Development Co. LLC, a subsidiary of Global Real Estate Properties, LLC. The facility is expected to be operational in the first quarter of 2017 and will initially employ 60-70 full time employees.
“The Satsop Business Park is a natural fit for this emerging industry with its unique location and robust infrastructure,” explained Port Commission President Jack Thompson. “We commend Port staff on the research and hard work they put into learning about the industry. We are pleased that Fuller Hill Development Co. will be utilizing our facilities and local workforce to grow their business.”
Fuller Hill Development Co. will begin making a host of improvements to the Enterprise Warehouse immediately, including installation of a fire suppression system, provision of major power upgrades directly to the warehouse, and installation of a high-capacity heating, ventilation, and air conditioning system. Fuller Hill Development Co. estimates their improvements to total around $6.5 million.
An experienced player in the cannabis world Global Real Estate Properties, through its subsidiary Fuller Hill Development Co., expects to be able to perform the expansive and intricate build-out of this facility due to their experience gained in building the facility of Washington’s number one producer and processor of recreational cannabis: Northwest Cannabis Solutions. That facility, located in Thurston County, currently employs over 167 full time employees in less than two years of full operations. Global Real Estate, Northwest Cannabis Solutions and Fuller Hill Development Co. all share common ownership.
“The assets, infrastructure and people at the Satsop Business Park, including warehouse space, power, water, and the excellent staff, are well-suited to our needs. Our decision to build out a facility at the Park was an easy one, and we are hopeful that there will be more in the future,” said Arkadi Gontmakher, President of Global Real Estate Properties.
“The production and processing of cannabis is one of the fastest growing industries in Washington and we are pleased to be able to grow the opportunity in Grays Harbor with an experienced industry partner. Working with Arkadi and his team has been a pleasure and we look forward to a long and prosperous relationship with them here at the Park,” said Manager of Business Development Alissa Shay.
Satsop Business Park, a facility of the Port of Grays Harbor, is less than 2 hours southwest of Seattle and 2 hours north of Portland. Located in scenic Grays Harbor County in Elma, Washington, the 1,800 acre mixed-use business and industrial park is approximately 30 minutes from Olympia and the I-5 Corridor. A part of the Grays Harbor Innovation Partnership Zone, the Park is home to more than 30 businesses, offers 600 acres of developed, pad-ready land and buildings supported by super-sized infrastructure, and is surrounded by 1,200 acres of sustainably managed forestland.