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"I am very confident that we can get really responsible operators in there for the we're going to sell. "I am a pretty risk-averse guy by nature," Mensing said. The group would seek to find a buyer or buyers for spaces within the mall, once they are staged for operation, and use proceeds from those deals to cover the cost of a continued buildout of the old retail space, particularly the former homes of Sears and Macy’s.īlake Mensing describes his group's business plan for the Berkshire Mall to members of the Lanesborough Select Board. He holds an ownership interest in a retail cannabis facility in Holyoke. Mensing told Lanesborough officials his law practice focuses on the cannabis industry. Joseph Jones serves as a director, and Mensing as secretary. The corporation’s president and treasurer is Steven Jones, according to records with the Secretary of State’s Office. We are committed we have industry experience, we have operational experience.” “I am very confident that we can get really responsible operators in there for the we’re going to sell. “I am a pretty risk-averse guy by nature,” Mensing said. Mensing said the corporation plans to prepare space for cultivation, including the acquisition of licenses for manufacturing and distribution from the state Cannabis Control Commission. Property records reviewed Friday by The Eagle show that a $4 million mortgage agreement was part of the transaction. He said that kind of financing was preferable to rates available elsewhere.
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When asked, Mensing confirmed that the agreement calls for the current owner to hold a mortgage for half of the sales price. If a deal goes through, a network of indoor cannabis farms could replace long-gone commerce at former anchor stores at the Berkshire Mall. The board indicated that it had received and reviewed a copy of a purchase-and-sale agreement between JMJ Holdings Corp. Local officials said this week that residents of Lanesborough will have chances to comment on the project down the road, including at a required community outreach meeting that is not yet scheduled, as well as at public hearings during requested zoning reviews. It is not clear from available property records what the relationship is, if any, between Namiri-Kalantari and JMJ Holdings Corp. The buyer is Mehran Namiri-Kalantari of Santa Monica, Calif., according to records filed with the Northern Berkshire Registry of Deeds. The seller was Durga Property Holdings Inc., which has owned the mall since 2019. On Friday, a sale of the mall property for $8 million was recorded. “If we’re fortunate enough to get a green light to negotiate an agreement, we’ll close in the relatively near future.” “You know, we’ve got the money lined up to close, we’re ready to close,” Mensing told the board Tuesday.