MLG Capital is excited to announce JV Equity placement for the acquisition of River Road III and IV, an Industrial/Flex property located in the Minneapolis, MN MSA. MLG Capital, alongside its partner Hoyt Properties, previously acquired River Road I and II in a separate transaction (May 2015). This grows the River Road industrial portfolio to 4 buildings, at ±270,022 sq/ft.
– ±120,0220 Sq./Ft. via 2 buildings. Built in 1987.
– 16 Docks and 25 Drive-ins
– Strategic acquisition and Value-Add Opportunity.
– Lease vacant space to bring the properties up to sub-market occupancy.
– Create value with operational and expense synergies.
About the MLG Private Funds:
The series of MLG Private Funds were formed to acquire, directly or indirectly, a geographically diverse portfolio of commercial real estate. Primarily consisting of Commercial Class B multifamily properties, Industrial, Retail, Office, and some Land- located in strategically identified areas throughout the United States. MLG Capital has acquired over 9,000,000 square feet of commercial property since inception, totaling over $620,000,000 in value.
As always, we look forward to providing our investors with another outstanding investment! If you have any questions, please contact us. Thank you!