4 years ago
Watertown, CT – The O,R&L Commercial real estate brokerage team of Toby Brimberg and Phil Marshall are pleased to announce the sale of 856 Echo Lake Road, a 63,443 square foot industrial building, situated on 10 acres at Exit 37 off Route 8 in Watertown. The property, owned by PPG Industries Inc., was sold for $2 million to Theraplant LLC. Toby Brimberg and Phil Marshall were the sole brokers in this transaction.
Theraplant LLC is one of 4 companies awarded a license to produce medical marijuana in Connecticut. The building will be renovated and used to further the science of medical marijuana, to help doctors heal and deliver relief to patients. As of January almost 1,700 patients have been certified for the state’s medical marijuana program. Theraplant expects to have marijuana ready for sale this summer.
O,R&L is a full service real estate firm that specializes in Commercial Real Estate Brokerage, Commercial Construction, and Facility Management and Maintenance. For more information regarding O,R&L Commercial, visit online at www.orlcommercial.com.
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For additional information on this sale or other transactions you may contact Carol Karney at (860) 761-6015 or visit our website at www.orlcommercial.com