Tower Commercial Real Estate senior managing director Scott Allen and senior director Rob Foster are leading the new cannabis division. Tower Commercial Real Estate senior managing director Scott Allen and senior director Rob Foster are leading the new cannabis division.

MIAMI—Prompted by strong cannabis-related retail and industrial deals in Florida, locally-based commercial brokerage firm Tower Commercial Real Estate has formed a new cannabis division within its tenant representation platform.

Tower CRE states that the launch of the new division was prompted by closing $50 million in cannabis-related retail and industrial transactions in the last 18 months with an additional $15 million in the pipeline that are expected to close by the end of this year.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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