South Street Capital Announces Off-Market Acquisition Near Purdue University

PR Newswire — March 23, 2017

CHICAGO, March 23, 2017 /PRNewswire/ — South Street Capital, a Chicago-based,
privately controlled real estate investment, development and management company,
today announced the off-market acquisition of 100 Northwestern Avenue near
Purdue University in West Lafayette, IN. The acquisition was completed through a
joint venture between South Street Capital and T2 Capital Management of Wheaton,
IL.

Locally known as The Miller Building, 100 Northwestern Avenue is a mixed-use,
three-story building consisting of retail, apartments and office space. “The
Miller Building has been a pillar of the West Lafayette landscape for over 100
years. It’s also an acquisition that I have pursued for the last 15 years. We do
not take the opportunity to acquire and reposition this asset lightly and are
exploring multiple redevelopment options that will transform this best in market
location and building into an asset that pairs work, retail and recreation,”
said Marc Muinzer, founder of South Street Capital.

The acquisition of 100 Northwestern Avenue is the most recent of several joint
ventures between South Street Capital and T2 Capital Management. Prior joint
ventures between the two firms have focused on repositioning properties near
Purdue University and downtown Chicago.

South Street Capital is looking to acquire assets to accompany its development
pipeline, which presently exceeds 500,000 square feet. “We have a lengthy track
record in the student housing sector with successful projects including the Fuse
at 720 Northwestern Avenue and Chauncey Square Apartments. South Street Capital
is actively seeking to acquire additional assets and development sites near
Purdue University and similar campus markets that offer immediate access to
global demand drivers,” added Muinzer.

About South Street Capital:

South Street Capital is Chicago-based, privately controlled real estate
investment, development and management company founded in 2002 by Marc Muinzer.
We acquire, reposition, design, develop, lease and manage real estate with an
expertise in niche asset classes including student housing, creative office and
urban retail. Our track record spans over 1.5 million square feet of
acquisitions and ground-up developments throughout the Midwest. Muinzer
Partners, an affiliate of South Street Capital, executes property management,
asset management and leasing responsibilities for the South Street Capital
portfolio. Please visit www.southstreet.me and www.muinzer.com for additional
information.

About T2 Capital Management:

T2 Capital Management is an opportunistic, privately held real estate investment
firm based in the Chicago suburbs. Since its founding in 2011, T2 has invested
$300+ million across the entire capital stack and among virtually all property
types. The firm has created a niche in swiftly executing investments of $1-10
million on properties across the USA, but predominantly located within the
Midwest. Please visit www.t2investments.com for additional information.

Contact

Marc Muinzer, Founder
Email: marc@southstreet.me

Michael Snyder, Director of Acquisitions
Email: msnyder@southstreet.me

To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/south-street-capital-announces-off-market-acquisition-near-purdue-university-300428500.html

SOURCE South Street Capital

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