SCOTTSDALE, Ariz. — Zoned Properties®, Inc. (the “Company” or “Zoned Properties”) (OTCQB: ZDPY), a leading real estate development company providing advisory and brokerage services for emerging and highly regulated industries, including the legalized cannabis, today announced plans to expand its brokerage services across the United States to all major and upcoming cannabis markets.
Based in the Southwest, Zoned Properties has created a symbiotic relationship with East Coast real estate powerhouse RIPCO Real Estate (“RIPCO”). As the leading independent retail brokerage in the New York metro area, RIPCO’s services include leasing, investment sales, property management, and debt and structured finance. RIPCO recently announced its growth in the cannabis industry with rental transactions for cannabis companies in New York, New Jersey and Connecticut. This ideal partnership will allow both companies to help customers grow their cannabis business from coast to coast as the future of legalized cannabis unfolds.
Most recently, the Zoned Properties team worked with clients in New York and New Jersey to secure real estate for the Cannabis License Lottery.
“New Jersey and New York are poised to have a significant impact on the industry as two of the largest East Coast markets to legalize. We are excited to offer our industry-leading real estate expertise to new and established cannabis operators looking to capitalize in these states,” said Berekk Blackwell, COO of Zoned Properties.
Zoned Properties took the next step for the business in 2021, with the launch of its in-house brokerage division. The company has successfully completed multi-million dollar transactions for commercial property tenants and landlords invested in cannabis-compliant real estate projects.
Since the creation of its licensed brokerage in June 2021, the Zoned Properties team has:
Closed over $50 million in real estate transactions for brokerage clients and engaged with clients to list over 300,000 square feet of commercial real estate for cannabis dispensaries, cultivation, processing and warehouses .
Successfully identified over 100 cannabis zoned properties nationwide and helped clients close cannabis-related real estate transactions in Arizona, New Mexico, Ohio and New Jersey.
“Our integrative real estate approach and services help clients mitigate risk in the complex cannabis landscape. Nearly 40,000 local governing bodies control the location of regulated cannabis projects. Having a team that understands the nuances of community zoning and permitting regulations is critical to a successful real estate transaction in this industry,” explained Patrick Moroney, Director of Real Estate at Zoned Properties.
Zoned Properties’ unique positioning and expertise offers more than just commercial real estate tools with its brokerage team to leverage for its clients. This comprehensive suite of integrated growth services to support its real estate development and investment model includes advisory services, brokerage services, franchise services and PropTech data services. Each of these services interpenetrates within the model to generate project value associated with complex real estate projects. With national experience and a team of experts dedicated to the emerging cannabis industry, Zoned Properties meets the specific needs of a modern market in highly regulated industries.
To learn more about Zoned Properties and its extensive commercial real estate services, visit www.zonedproperties.com.
About Zoned Properties, Inc. (OTCQB: ZDPY):
Zoned Properties is a leading real estate development company for emerging and highly regulated industries, including regulated cannabis. The company is redefining the approach to commercial real estate investing with its integrated growth services.
Based in Scottsdale, Arizona, Zoned Properties has developed a full range of integrated growth services to support its real estate development and investment model; Advisory Services, Brokerage Services, Franchise Services, and PropTech Data Services each intersect within the model to generate project value associated with complex real estate projects. With national experience and a team of experts dedicated to the emerging cannabis industry, Zoned Properties meets the specific needs of a modern market in highly regulated industries.
Zoned Properties is an accredited member of the Better Business Bureau, US Green Building Council and Forbes Real Estate Council. Zoned Properties does not grow, harvest, sell or distribute cannabis or any substance regulated by United States law, such as the Controlled Substance Act of 1970, as amended (the “CSA”). Zoned Properties is headquartered at 8360 E. Raintree Drive Suite #230, Scottsdale, AZ 85260. For more information, call 877-360-8839 or visit www.ZonedProperties.com.