New Medical Marijuana Dispensary at 300 Packer Avenue in South Philadelphia
July 16, 2019 [Philadelphia, PA] – Colliers International joined Keystone Shops for the grand opening of its first Philadelphia medical marijuana dispensary this week at 300 Packer Avenue in South Philadelphia. This location will be the company’s third in the region, with additional sites located in Devon and King of Prussia. Richard Gorodesky, Senior Managing Director with Colliers, represented the property owner, a private investor, in securing this tenant.
The site is a creative reuse of a former bank branch – cannabis product is even stored in the bank’s former vault. Philadelphia has very few dispensaries due to the stringent requirements in the law and the restrictions on developing such a business throughout Philadelphia. Keystone Shops is one of the first to come to market here.
Pennsylvania's Medical Marijuana Program makes medical marijuana accessible to patients who are residents of the state, and under a practitioner’s care for the treatment one of the qualified serious medical conditions listed in the law. According to the state’s medical marijuana locator there are now four dispensaries open within the city limits.
For further information, contact
Richard Gorodesky, Senior Managing Director +1 215 928 7545 | Richard.Gorodesky@colliers.com
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.