(Crystal Proenza is associate editor of Real EstateFlorida.)

HOBE SOUND, FL-Locally based Main Street Land Partners LLC hasplans to launch its first private equity real estate fund at theend of this week. The fund will target land and medical properties,along with grade A self-storage facilities and class B neighborhoodretail plazas within the Southeast, Main Street managing memberTodd Marshall tells GlobeSt.com.

Main Street Realty Fund 1's target is $33 million, one-third ofwhich is committed and ready, with the balance being raised fromadditional investors, says Marshall. He, along with partner CraigMarshall, have formed a number of successful partnerships in their23 years within the commercial development and management business,he says. Under the company name Stow-A-Way Storage, the duo formedfunds Storage Partners One and Two, which involved privateplacement offerings for developing properties which created cashflow for investor groups, according to Marshall. The partners alsospecialize in seeking entitlements to raw land.