Minneapolis – Twin Cities-based Water Street Partners, LLC, has closed its Water Street Fund I. The Fund’s initial investment was a $10 million purchase of 610 Business Center (9300 Winnetka Avenue N., Brooklyn Park, MN), an 80,000 square foot Class A building comprised of office and production space.
The Fund aims to acquire 3-5 additional Twin Cities investments up to $12MM in size in the industrial, office and retail sectors. The Fund is looking for core-plus opportunities with cash-flow in place and will award the management and leasing assignments to suitable third parties.
Final Press Release – 09.06.2018