Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MinnesotaOffice

Water Street Partners acquires pair of office buildings in Minneapolis market

January 12, 2022
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Twin Cities-based Water Street Partners completed a year-end close on its acquisition of 12501 and 12701 Whitewater Drive, a pair of office buildings near I-494 and MN-62 in Minnetonka, Minnesota.

The buildings, originally built in 1985, are collectively 68 percent leased to a roster of high-caliber tenants including Westwood Professional Services, Marco Technologies and BBQ Holdings.

The Whitewater property is the first investment in Water Street Partner’s second fund, Water Street Fund II, which held its final close in July 2021. Fund II seeks to identify opportunities caused by the heightened levels of uncertainty in certain real estate markets.

Investment candidates for Fund II will be those to which Water Street Partners can create meaningful value in the near-term, with a focus on suburban office, industrial and multifamily projects in Minneapolis-St. Paul, MN, and Raleigh-Durham, NC.

Tags
MinnetonkaWater Street Partners
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
MichiganOffice

Friedman Real Estate closes 4,900-square-foot office lease in Southfield

March 23, 2023
NebraskaCRE

$3.2 billion in downtown development over 15 years? That’s what supporters say new streetcar could bring to Omaha

Dan RafterMarch 23, 2023
MinnesotaRetail

Kraus-Anderson Construction begins $2 million brewery renovation in Minneapolis

March 23, 2023
MissouriOffice

Veeva Systems to add more than 100 new jobs to Kansas City region

March 23, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com