(Crystal Proenza is associate editor of Real Estate Florida.)

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

Main Street Realty Fund 1′s target is $33 million, one-third of which is committed and ready, with the balance being raised from additional investors, says Marshall. He, along with partner Craig Marshall, have formed a number of successful partnerships in their 23 years within the commercial development and management business, he says. Under the company name Stow-A-Way Storage, the duo formed funds Storage Partners One and Two, which involved private placement offerings for developing properties which created cash flow for investor groups, according to Marshall. The partners also specialize in seeking entitlements to raw land.

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