Twin Cities-based Water Street Partners, LLC, has closed on the Beltline portfolio, a collection of industrial/office buildings near Beltline Boulevard in St. Louis Park, Minnesota.
The properties were acquired from entities related to Belt Line Properties, which owned the buildings since they were constructed as early as the 1960s. The buildings are currently fully leased to a variety of tenants.
Water Street Partners, LLC, pursues assets of all property types and risk profiles in a variety of markets, with a concentration in the Minneapolis-St. Paul metropolitan area.
Its investment activities include the acquisition of existing properties and the capitalization of select development opportunities. Water Street Partners is led by experienced real estate professionals Joe Boone and Jim Hegedus.
