Satsop Business Park’s 50,000 sq. ft. Enterprise Warehouse will soon be home to a world-class, indoor cannabis cultivation facility.
Port of Grays Harbor Commissioners yesterday approved a 5 year lease with nine, 5-year options for 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 will begin making a host of improvements to the 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. The company estimates the improvements to total around $6.5 million.
An experienced player in the cannabis world, lessee Global Real Estate, through its subsidiary Fuller Hill, expects to be able to perform the build-out of this facility due to its prior experience.
The companies built the facility of Washington’s number one producer and processor of recreational cannabis, Northwest Cannabis Solutions, located in Thurston County. It currently employs over 167 full time employees, less than two years after going to full operations.
Global Real Estate, Northwest Cannabis Solutions and Fuller Hill Development Co. all share common ownership.