Cannabis company buys Apopka nursery

Cannabis group horticulture of Canada,

bought

at 603 Hermit Smith Road, Apopka, from owner Rodney C. Hogshead for $1.8 million, records show.

“The greenhouse business will provide Future Farm with cash flow while serving as a major building block for the company as it prepares to position itself in the emerging Florida cannabis market, estimated to climb to $1.6 billion in medical cannabis sales by 2020,” said a firm spokesperson.

Near-term plans call for the continued focus on ornamental plants with upgrades of the nursery’s computers, software, phone system, accounting, inventory management and order tracking systems. In addition, it expects to launch online ordering.

An affiliate of Future Farm recently announced a letter of intent to purchase a 15-acre property in Redland. 235 proposals and selected the NeoCity project and 10 others based on the potential return on investment, according to officials. NeoCity is a 109,000-square-foot, two-story research and development facility. Osceola County is partnering with the nonprofit Bridging the Innovation Development Gap on the project.

Expansion of toll-road networks west of Orlando helped spur the sale of 32 acres at 3447 Plymouth-Sorrento Road, Apopka, to New York-based for $690,000. Seller

shifted business plans so it no longer needed the property, said Richard Gonzalez, who represented the seller for

The buyer was represented by Sunaina Puri, of

approvals for a development. and seeks residential South in Sanford. Principal Michael Heidrich represented landlord

David Wilson, of represented the tenant.

leased 3,191 square feet at Crossroads Business Center, 931 S. Semoran Blvd., Winter Park. NAI Realvest Associate Chris Adams represented the landlord,

leased 3,360 square feet at Bayhill Plaza, 6725 Turkey Lake Road, Orlando. Collin Rahill, of represented the landlord.

secured a $39.54 million refinance loan for Advenir at The Oaks, a 408-unit multifamily community in Ocoee. The Berkadia team of Charles Foschini, Christopher Apone, Lourdes Carranza-Alvarez arranged the loan on behalf of