Brooklyn’s Second Weed Dispensary Opening Downtown
The dispensary will take over the storefront previously occupied for 36-years by Court Street Office Supplies
By Nicholas Rizzi January 30, 2019 12:51 pm
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A medical marijuana dispensary plans to open its second location in New York City, assuming the former storefront of a long-time office supplies shop in Downtown Brooklyn, brokers on the deal told Commercial Observer.
Columbia Care NY signed a 10-year lease for 7,000 square feet in Joseph P. Day Realty Corp.’s 44 Court Street between Joralemon and Remsen Streets, as The New York Post first reported. The dispensary will have 4,500 square feet on the ground floor and 2,500 square feet on the lower level, according to savitt partners, which brokered the deal for the tenant.
A spokesman for the brokers said the asking rent was typical for retail in the neighborhood, which is in the $150s per square foot.
Michael Dubin and Hector Rodriguez of Savitt Partners handled the deal for Columbia Care while Joseph P. Day handled it in-house with Craig Berman. Berman did not immediately respond to a request for comment.
“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 Street,” Rodriguez said in a statement. “As the medical cannabis industry has evolved, more and more communities have welcomed companies like Columbia Care that provide a vital service to patients.”
Columbia Care opened the first medical marijuana dispensary in Manhattan in 2016 at 212 East 14th Street in Midtown South, CO previously reported. The dispensary, which grows its weed in Rochester, N.Y., also has a location in Long Island, N.Y.
Gov. Andrew Cuomo signed a bill making medical marijuana legal in the state in 2014, with the first dispensaries opening in 2016, forcing landlords and brokers to take a crash course in the logistics of hosting a dispensary, as CO reported.
Columbia Care’s location—the second dispensary in the borough after Citiva in Park Slope, Brooklyn—will offer consultations with pharmacists and home delivery options, according to Savitt Partners. It plans to open in the third or fourth quarter of this year.
Columbia Care will take over the storefront of neighborhood staple Court Street Office Supplies, which shuttered last year after 36 years in business, Bklyner reported.
