Taylor English Partner Lauren Einhorn Represented Seller in Multi-Million Cannabis Dispensary Transaction

Taylor English partner Lauren Einhorn represented the Seller, 1776 FTL, LLC, in the sale of a multimillion-dollar 20,000 SF Office Building on 0.67 Acres in Fort Lauderdale, Florida. Parallel, one of the largest multistate cannabis operators in the U.S., occupies 3,898 SF at this property.

In 2021, Einhorn also represented ownership in the acquisition of the property and financing from Surety Bank, which was challenging due to the nature of the tenancy, municipal hurdles and approvals needed for Medical Marijuana Treatment Center’s within the City limits of Fort Lauderdale. This is one of five medical marijuana dispensaries permitted due to the city’s law, which allows one dispensary in each City Commission district.

Lauren’s client, Randy Tulepan said “I was fortunate to be able to work with such high caliber professionals from Suzette Hill at Surety Bank, who facilitated the financing to Lauren who participated and deftly navigated all aspects of this transaction from inception to closing. She was a critical element and without her professionalism, patience, and diligence I don’t believe the project would have been as successful.”