ICYMI: Gun Lake Investments / Waséyabek Development Company Partner to Acquire Real Estate Asset

TSW Community,

In case you missed it, two Tribal Sovereign Wealth investment companies announced their joint venture to buy the McKay Tower in downtown Grand Rapids. The 18-story, 154,000-square-foot building houses retail, office space, an event venue and luxury apartments on the upper floors. Tenants in the facility include Elliott’s News, Freshii, Kilwins, Sushi-Yama, Commerce Bank, Wells Fargo, Edward Jones, and TG Manufacturing. The building is 98.5 percent occupied.

Gun Lake Investments (Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians) and Waséyabek Development Company (Huron Band of the Potawatomi) partnered on the $17.5M acquisition.

Congratulations to Deidra Mitchell, Kurt Trevan and their teams.

In Perpetiuty,

-Jay