For Immediate Release
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MLG Capital’s Private Fund II Announces Latest Acquisition
Park Village Industrial – Plymouth, MN
Milwaukee, WI- August 1st, 2016 – MLG Private Fund II, as managed by MLG Capital, is pleased to announce the acquisition of Park Industrial Village , a ±232,676 square foot multi-tenant industrial property located in Plymouth, MN. This property is approximately 93% occupied at acquisition.
The property is located in Plymouth. Specifically, Plymouth is part of Minneapolis’ desirable western suburbs known for the high quality of life, and strong schools. The property benefits from being located near Minneapolis major highway interstates, including Interstate 494 and Highway 55. This allows the property to draw tenants from a large radius. The surrounding sub-market is strongly occupied. The investment is projected to benefit from strong tenant diversity, tenant commitment to the location, and high acquisition occupancy.
“MLG is pleased to acquire a property in a high quality location that can provide tenants functional industrial space in the Minneapolis Market” said MLG Capital Vice President Andy Sinclair.
MLG Capital is a sponsor of private real estate equity funds. Investors in the series of MLG Private funds benefit from investments in a collection of assets, with both geographic diversity, and property type diversity.