AgTech Scientific Group’s Former Greenhouse in Kentucky Listed for Sale

The listing includes a 1.87 million-square-foot, 151-acre greenhouse complex and a 50,000-square-foot manufacturing and warehouse facility.

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November 18, 2021

A 1.87 million-square-foot greenhouse and agricultural warehouse facility on a 150-acre tract in Paris, Ky., has been listed for sale with no asking price.

A&G Real Estate Partners and Murray Wise Associates made the announcement in a Tuesday press release. The companies are conducting the sale, according to the release, “on behalf of Aurora Management Partners, Inc., the Receiver for AgTech Scientific Group, LLC; Color Point, LLC; and other affiliates, as part of a federal receivership case pending in the United States District Court for the Eastern District of Kentucky, Lexington Division.”

AgTech Scientific used the assets as it grew hemp and produced CBD in Kentucky, according to the release. Now, the sellers are noting that the greenhouse complex “represents [an] opportunity for large-scale growers of produce or ornamental plants and flowers.”

"With the oversupply of hemp in the United States, many CBD producers continue to face challenges in today's marketplace," Emilio Amendola, co-president of A&G, stated in the release. "Nonetheless, other agricultural companies, as well as healthy hemp and CBD producers, now have the opportunity to acquire high-quality growing and production assets such as these at significantly below replacement value."

Color Point previously produced ornamental plants and nursery products in Paris, Ky., before merging with AgTech Scientific in 2019.