Mastronardi purchases indoor leafy greens farm for $127M
Mastronardi purchases indoor leafy greens farm for $127M
AppHarvest has entered an agreement with Mastronardi Berea LLC, a joint venture between Mastronardi Produce and COFRA Holding, for the sale-leaseback of its Berea, KY, high-tech indoor farm for leafy greens for approximately $127 million with an initial lease rate of 7.5 percent over 10 years, with four renewal terms of five years each.
