Medical Marijuana company Columbia Care has secured two leases and is scouting a third location in Orlando as part of a statewide rollout of retail dispensaries.
“Right now we have have 13 leases out throughout the state,” said Mario Brunelli, the company’s Florida-based broker. “We’re taking a former restaurant space on East Colonial with a drive-thru window. And we’ve secured a location in Longwood.”
Brunelli, a leasing specialist with RJ Brunelli, said the company is eyeing the Dr. Phillips submarket for its third retail site. He said the company would consider free-standing or in-line sites and has flexibility in its space needs.
“The key is parking, exposure and high traffic counts,” he said.
Columbia Care signed a 10-year NNN lease for the 4,723-square-foot building at 10615 E Colonial Dr., near UCF. Franklin Street’s Terrence Hart and Tim Rogers represented the landlord in the negotiations.
Columbia Care is one of the largest multi-state operators in the medical cannabis industry, with licenses across 15 jurisdictions in the U.S. and the EU. The company received its Florida license a year ago and has been serving patients via home delivery until now.
Brunelli said the first Florida dispensaries will likely be in Sarasota, Jacksonville and Gainesville, followed by the East Orlando store, which is targeted for a late 2019 opening.
Columbia Care products begin with an artisanal cultivation process that takes place in the Company’s controlled-environment agricultural production facility in Arcadia, FL. The company also owns a 40,000-square-foot grow facility in Lakeland, Brunelli said. The manufacturing and refinement processes take place in highly controlled labs with trained chemists who follow strict quality control guidelines to ensure product safety and consistency.