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 … Continued
Pickup in flex property sales bodes well for 2018 Commercial real estate experts think a spate of flex and industrial property sales in recent days is proof that these markets will be as active this year as they were in 2017. Four suburban deals totaling $57.23 million have closed since May 15 with local companies … Continued
Water Street Partners makes first purchase: $10M building in Brooklyn Park By Patrick Rehkamp – Data Reporter, Minneapolis / St. Paul Business Journal May 24, 2018, 11:04am Water Street Partners, the real estate company founded last fall by two former employees at The Excelsior Group, made its first purchase. The company recently bought 610 Business Center, located at … Continued
Principals Joe Boone and Jim Hegedus founded Water Street Partners LLC on Aug. 28, about two weeks after they left the St. Louis Park-based Excelsior Group.
Two former employees at The Excelsior Group have left the firm to start their own real estate company. Joe Boone and Jim Hegedus announced Tuesday that have formed Water Street Partners LLC.