BUZ INVESTORS PRESS RELEASE ZDPY Eliminates Current Debt Zoned Properties, Inc. (ZDPY), a strategic real estate development firm whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties

Zoned Properties, Inc. (ZDPY) Establishes Corporate Headquarters at Medical Marijuana Business Park in Tempe

Zoned Properties’ Primary Arizona Tenant Establishes Corporate Headquarters at Medical Marijuana Business Park in Tempe

New Lease Agreement Adds Additional 2,500 square feet of Leased Space

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FOREX INVESTORS   PRESS RELEASE   Zoned Properties, Inc. (ZDPY), a strategic real estate development firm whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties in emerging industries, including the licensed medical marijuana industry, today announced it has signed a five-year commercial lease agreement with its primary tenant in Arizona, Hana Meds, to establish their Corporate Headquarters at its Medical Marijuana Business Park in Tempe, Ariz.

The renovated corporate suite includes 2,500 square feet of office and conference space, which will provide a cornerstone to base their corporate operations. Hana Meds will become the premier, anchor tenant for the property. The licensed medical marijuana tenant plans to establish a comprehensive, vertically-integrated operation at the Medical Marijuana Business Park, including all stages of medical marijuana business activities.




Zoned Properties, Inc

 

“We are pleased to further expand our relationship with Hana Meds by providing newly renovated corporate office space that is conveniently located next to their licensed medical marijuana facilities. We are inspired by our tenant’s strategic goals to capture market share by controlling their own standards of product development and distribution within every aspect of the vertically-integrated business process,” commented Bryan McLaren, Chief Executive Officer of Zoned Properties. “The time and effort our team has invested in developing this property as a state-of-the-art, sustainable facility has helped to persuade our tenant to establish its corporate headquarters at the Business Park, validating proof of concept for the property. This agreement demonstrates our mutual commitment to the City of Tempe for economic development as the licensed medical marijuana industry continues its rapid expansion.”

Under the terms of the five-year lease agreement, which commences on July 1, 2017, monthly rental payments of $1,800 per month will begin on October 1, 2017. The tenant expects to generate a significant number of new jobs as their operations continue to grow.

About Zoned Properties, Inc. (ZDPY):

Zoned Properties is a strategic real estate development firm whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties in emerging industries, including the licensed medical marijuana industry. The Company acquires commercial properties that face unique zoning challenges and identifies solutions that can potentially have a major impact on the cash flow and property value. Zoned Properties targets commercial properties that can be acquired and re-zoned for specific purposes. Zoned Properties does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substances Act.

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Zoned Properties Completes Sale of Tempe Property for $2.125 Million

$ZDPY Completes Sale of Tempe Property for $2.125 Million

Zoned Properties Completes Sale of Tempe Property for $2.125 Million

Company Sells Non-Core, Non-Marijuana Property in Tempe, Ariz.; Proceeds to be Used to Strategically Expand Medical Marijuana Portfolio

Zoned Properties Completes Sale of Tempe Property for $2.125 Million

Buz Investors Zoned Properties Completes Sale  Zoned Properties, Inc. (OTCQX: ZDPY), a strategic real estate development firm whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties in emerging industries, including the licensed medical marijuana industry, today announced the Company has completed the sale of one of its properties located in Tempe, Ariz.

The Company sold its property located at 422 S. Madison Dr. in Tempe, Ariz. for a total cash purchase price of $2.125 million. This property was leased to a non-marijuana business, and management viewed it as non-core to the Company’s strategy. The Company expects to utilize the proceeds to retire existing debt, which will free up cash flow to invest in planned leasehold improvements and expansions at its Medical Marijuana Business Park in Tempe, Arizona.

 

 




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Zoned Properties Completes Sale

“We remain committed to building and nurturing a portfolio of properties that are strategically aligned with our focus on emerging industries and that optimize the use of our balance sheet,” commented Bryan McLaren, Chief Executive Officer of Zoned Properties. “The disposition of the Tempe property, which was not central to our vision, will enable us to redeploy capital in a manner that increases our financial flexibility, and that we believe, over time, will generate higher rental revenue and increases in property valuations for the Company’s portfolio.”

About Zoned Properties, Inc. (ZDPY):

Zoned Properties is a strategic real estate development firm whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties in emerging industries. The Company acquires commercial properties that face unique zoning challenges and identifies solutions that can potentially have a major impact on the cash flow and value generated. Zoned Properties targets commercial properties that can be acquired and potentially re-zoned for specific purposes. Zoned Properties does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substances Act.



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